Of course .. but to create economy we are after is not easily possible with the resources we have. Or it would come so slowly we would be outpaced by everyone else.
Take for example eCommerce, anyone remember CoinPayments platform? We spent so much time and money on getting us there and the end result was that I was the only person that used it.
We need investors, and I'm not talking here about Cloud Mining investors. Nowadays, to successfully launch game changing products one needs the whole team of programmers, marketeers, lawyers, etc.
 
We do want to create demand - the Reactor is one of the answers to it.

Instead of saying generic 'a very bad idea' what would you see as better solution that addresses the points that were raised?