Design a Stable Currency (No Inflation or Deflation)

Description

Purpose of Money (To store the value of our working time)

Attributes of a good currency

Transported
Spent
Hold Value
- Problems with Inflation
  - Money loses value over time
- Problems with Deflation
  - New users to the system are penalized
  - Hoarding is encouraged, potentially leading to a deflationary spiral

How to create a true stable coin (Match Supply with Demand)

Tie to the worth of human time

Money represents our working time so the value should follow human working time.

Design of System

Stable Coin - Tempus (Time)

Shares

Increasing supply

Users mint new coins by proving they are human and spending time
For every new coin minted by users, a percentage is also minted and given to shareholders (or perhaps just used to buy and burn shares?)

Decreasing supply

Steady rate of burn (In theory, if there is a constant rate of burn then we should avoid the “death spiral”)
- Inflate shares to buy and burn tempus

Proof of Human Work

Captcha market (I don’t really like this idea but it’s the best I’ve got so far)
- captchas that prove you are human
- Users are given a random captcha to prove they are human and mint new tempus
- captcha developers get paid with bonds that mature at a later date (1 year?) and can be seized if the captcha is shown to be cheating the system
- Bounties for discovering cheating users/ captchas
- captchas must burn tempus to be listed/they must pay users out of pocket for an amount of time (1 Year)
Maybe try to determine the value by analyzing the fees people pay
Some other way to find how much people value their time