I'm sure bigger things have been created with lesser titles. This is a thread designed to encourage debate/discussion/ideas on how to implement an economic model that is fair and reliable for all that participate. The economic model of MicroCash can be considered exactly like that of any country. All countries with fiat currency hope to keep inflation and deflation in check, to reach some balance, so that the value of goods and services does not alter too much. If goods and services varied in value too much then it is extremely difficult to business plan around such scenarios as people from countries like Zimbabwe could tell us. How does one create an economic system that no matter the amount of people participating, no matter the conditions, that one unit of currency always buys the same amount of items? In an ideal economic system the cost of a loaf of bread would not change over time unless the materials and labor used in making it change. Of course we are used to the concept of inflation, things taking more money to buy the more time goes on. This is due to non ideal expansion of the money supply. Even though we all hate this, and everyone complains about the "good old times when you could buy milk for 10c", civilization as a whole has come to accept this weird/unfair facet of existing fiat currency. So let us consider the scenario of what 1 microcash unit equals. Let us pretend in 2016 it costs 1 microcash to buy a loaf of bread. We would hope that in 2026, 10 years later a loaf of bread is still the same cost, 1 microcash. This would allow great planning for anyone who consumes bread, whether personally or for business reasons, and the same can be said for any good or service. So is there a way to develop such a system? Personally I feel any attempts would be like trying to prove the existence of a god. And that the best we could hope for is a compromise towards what people are somewhat accepting of in this day and age. Your model will supply a way to contract or expand the money supply by increasing or decreasing every MicroCash account by some amount. So in a simple model you may just increase MicroCash supply by 1% every day and that is the end of it. Everyone raises their hands in celebration at thinking about their bank account increasing by 1% every day! A more complicated version of that simple system would be , maybe for the first year it is expands 1% every month, then it expands by 0.5% every 3 months. Or maybe you don't like rich people and think if their wealth was redistributed it would stimulate more economic action, so you contract accounts which have over 50000 in them by 1% every month, and give it to the poor instead! These simple systems are provided to help illustrate what is required in a model. The metrics you can use to help ensure your model is closer to the ideal are limited to these at the moment. If you have any ideas for new ones please provide them. 1) Seed amount / Current total MicroCash in existence. MicroCash has to be started with some amount of seed, as you can not start an economy from 0 as you can not proportionally rise or fall from zero so there has to be some seed amount. The seed amount is unknown and needs to be decided upon through debate. However its value, whatever it is may be able to be used to some extent. The total amount of MicroCash in existence is of course another metric. 2) MicroCash Accounts. Each account stores X amount of MicroCash. Each account is owned by *someone*, but *someone* can of course have many accounts. There is no 1:1 correlation of an account to a person even if this may end up being the general ratio. Each account has a fee, applied on some cycle yet to be determined. (ie hourly, daily, weekly, monthly, a fee is taken from an account to pay for the network to keep it alive in memory). 3) MicroCash Transactions. Each transaction moves X amount of MicroCash from one account to another with the cost of a fee. The number of transactions could be a decent estimation of network use, however users could attempt to game such a situation by creating artificially higher amounts of transaction to simulate higher MicroCash activity. Users however cannot artificially create LOWER amounts of transactions as they cannot control other peoples accounts or stop transactions being processed. 4) MicroCash nodes. Each MicroCash node is participating in the open network and verifies and transfers every transaction on it. One person can run many nodes, and most MicroCash users will not run nodes if it is successful. Its use as a metric seems limited. If you have any such economic model, no matter how ridiculous it is, please create a new thread so it can be debated and if needed tweaked. And create a name for your model so it can be referred to by others. Thank you!