OK, let me rephrase for you "Created from Nothing", which is why it is so stupid, even the corrupt banking system has a requirement of only lending out a Multiple of what they hold in Deposits. Your System has no such limits. It would fail dramatically.
Nothing is being lent out. It is a simulated monetary system (just as Bitcoin is a simulated monetary system) and the 'limits' that Bitcoin (and other monetary systems) impose are completely artificial. No limits are required. Don't just say "it would fail dramatically" - tell me why in a way that does not merely pretend that the numbers we are talking about are actually real.
Value comes when you trade the token for something you need , such as food or water or heating or cooling or medicine. That is where the value lies in what can you trade it for. Your Imaginary system basically makes everyone wealthy , it is utter nonsense.
You say that, and yet under the existing imaginary system people are perfectly happy to exchange food or water or heating or cooling or medicine in return for a number displayed in their bank account - simply because they believe that number means something. Don't just make an unqualified assertion, i.e. "Your Imaginary system basically makes everyone wealthy, it is utter nonsense." Tell me why everyone can't be equally wealthy. Put this grasp of economics you claim to possess to work and tell me why my proposal would fail.
Since you failed to understand the feed store example, it shows me you have never run a business and have no realistic concept of economics.
Quite the opposite. Why don't you go find a homeless person on the street and explain your "realistic concept of economics" to them?
(In other words , People can't eat your Illusion , you can only use your Illusion to steal real items of Value from the unaware.)
Yet all existing monetary systems are also illusions. They are illusions that people have agreed upon and come to believe in. My proposal is also an illusion (just as Bitcoin is) and it is one that people could also decide to agree upon and come to believe in.
A bank triggers an algorithm, moves a number to your account, and tells you to spend the next X number of years paying that number back. Are you seriously suggesting that this isn't an example of stealing the only thing that really does have value - our time and energy?
HS