Greetings fellow Asgardians,

I have pondered for some time, on how to create a more balanced economic system.

To make this first message short, i'll try to just get the 2 basic principles:

1. Money is CREATED in each cycle (day, week, month..), for every participant, evenly.
2. Money is DESTROYED by renting common property (land, for example) - this is never perpetual, and is open for competition.

This way, there is always new money in circulation, and ownership has to be economic. A real free market can emerge, with the value of each property known at each time.

Obviously, this would have to be implemented as a virtual currency.

I'll appreciate any feedback, and elaborate if there are questions.

Thanks,

I like the idea: you move away from a circular monetary system to an automated linear one, which provides wealth.

The big issue for any currency is the value it has against other currencies. This is the reason for a lot of corrections (taxes, budget cuts, IMF interventions etc) today.

The system you propose could incorporate a BDP based on skills, time and challenges ahead. (which all determine value). Something like that would require a lot of programming, controls and check's and balances but it has the potential to be more honest.