I guess my conclusion is that your model, even if amended over time and so on, I do not see that it is proven to work properly. And atm, govt money probably works best short term.
I agree, the model is not yet proven.
I am seeking a community to test it in.
Govt money will vanish when that moment comes.
There will be little warning and no time to prepare.
I suppose the system is meant only for small communities? Otherwise, most of the most important problems will likely mostly come in bigger communities (which will remain untested?).
The free market shall decide that, not me.
My goal was: find a way for a community to instantaneously create paper currency with no more than what people could promise.
