I am also thinking on an alternative economy. There is already a lot in place like LETS. As you rightly pointed out, it is usually connected to fiat on a 1:1 basis or a time for time basis.
There are also some hijacking systems like United Economy and are driven by the SDG agenda. Big firms are deep into it.
See Wörgel experiment in Austria. Unfortunately, the experiment was successful and that made the central bank interfere and shutting down the experiment during a depression with high poverty and unemployment.
However, based on PM as assets, and/ or the likes, it could be used to create in a private economy circle credit to make it work. Banking then is decentralized, but also based on mutual trust, where each letter of credit is co-signed by the creators of that credit. It can be passed around and exchanged for goods and services. It also evades the traps of time for time schemes, as these do not grow beyond: teach me this, I give a you massage.
It truly is a matter of being open to many kinds of payment and re-payment, all on the basis of value for value, instead of debt for debt with increasing costs.
Technically, we should be able to create our own credit based on us being alive. And depending on the time left, skills, quality of work, value of that credit may fluctuate. ( a bit akin to the value of your oil painting compared to a Rembrandt) Some teachers will be able to convert their credit to a higher value, than those who simply color between the lines.
Another issue to consider, is the destruction of value we are used to. On the one hand, a lot of costs are superimposed on a collection amount, yet, when to comes to execution, the value of assets is usually decreased in such a way, a rest amount remains.
This presupposes a community where each is quite aware of what they are doing, correct and accountable.
I am also thinking on an alternative economy. There is already a lot in place like LETS. As you rightly pointed out, it is usually connected to fiat on a 1:1 basis or a time for time basis.
There are also some hijacking systems like United Economy and are driven by the SDG agenda. Big firms are deep into it.
See Wörgel experiment in Austria. Unfortunately, the experiment was successful and that made the central bank interfere and shutting down the experiment during a depression with high poverty and unemployment.
However, based on PM as assets, and/ or the likes, it could be used to create in a private economy circle credit to make it work. Banking then is decentralized, but also based on mutual trust, where each letter of credit is co-signed by the creators of that credit. It can be passed around and exchanged for goods and services. It also evades the traps of time for time schemes, as these do not grow beyond: teach me this, I give a you massage.
It truly is a matter of being open to many kinds of payment and re-payment, all on the basis of value for value, instead of debt for debt with increasing costs.
Technically, we should be able to create our own credit based on us being alive. And depending on the time left, skills, quality of work, value of that credit may fluctuate. ( a bit akin to the value of your oil painting compared to a Rembrandt) Some teachers will be able to convert their credit to a higher value, than those who simply color between the lines.
Another issue to consider, is the destruction of value we are used to. On the one hand, a lot of costs are superimposed on a collection amount, yet, when to comes to execution, the value of assets is usually decreased in such a way, a rest amount remains.
This presupposes a community where each is quite aware of what they are doing, correct and accountable.