Answers are grounded in this paper and cite their sources.
Money, when viewed as a social construct, can be a powerful tool for organizing society and allocating finite resources. However, existing monetary systems are highly centralized and this centralization has caused many crises in recent times. We therefore propose a token-based economic system that is self-regulating, can adjust the quantity of tokens to provide liquidity as needed, and avoids moral hazards. An early version of this system has been implemented on a blockchain platform as the Sora decentralized autonomous economy (DAE). Through allocating votes in a Sybil-resistant way, the Sora DAE democratically allocates new purchasing power according to open referendums. A dual-token system allows both stability of value for payments and creation of tokens for economic growth.
No takes yet. Share an insight, caveat, or question.
Makoto Takemiya (2019) studied this question.