I was surprised when I read that WeWork wants to start an IPO this year. That is surprising because the company is not making any profits for its investors. This made me think, can something like WeEconomy work. What I mean by WeEconomy:
1. A private decentralized network of people who pay a monthly fee to be part of the network. That fee doesn't need to be big ( i am already paying 50$ monthly to Netflix, Amazon, Spotify, and co. ) and I try to buy bitcoin every month from my monthly savings. (I am a late bloomer about bitcoin, but that is a different story)
2. The complete monthly fees can be redeemed 24/7, meaning if you leave the network you get all your bitcoins back that you put in. Means, we use bitcoin as a reserve (bitcoin standard). The idea is that the network will at some time start to make more money than the amount that is put in every month.
3. The size of the group should be kept small for now.
4. Own semi-stable coin, a coin that is backed by all the assets that the network gains. Why semi-stable? Our goal is to keep the value of our stable coin around $1, but it can grow if our assets grow but it can fall too but never less than what we have in our core reserves. And we can make a poll where everyone in the network can vote on the decisions of printing money or burn it.
WeWork is a big scam, similar to the one orchestrated by
Elizabeth Holmes with her failed Theranos company. WeWork was under the helm of another eccentric entrepreneur named Adam Neumann and his decision to go ahead with the IPO lead to the exposure of the company's real finances and situation.
Now, talking about what you are suggesting here. That can actually work and it is a nice concept, similar to the idea of cooperativism where one person can contribute a little resulting into an avalanche of assets and resources later all starting from a trickle. However, there is one very important component that this system must have: there should be a leader or a group of leaders that must and should be trusted, otherwise nothing will really come out of this idea. This is what is happening with many cooperatives all over the world, when the leadership has integrity, capacity and the vision of what they future they want to build then there is no reason success is not coming their way. Of all, all members with the right mindset are all critical part of the entire ecosystem or the project.