What are the incentives for people to contribute to this network? Would it be paying dividends and stuff and how is money for those benefits going to be earned.
Also the part where people can just take out their money, there might actually be a "bankrun" if the coin used suddenly experience a rally. Unless of course again, there is an incentive for them to keep the money in that would outweigh the gain from selling their coin.
Still an interesting idea, I'd like to sew how this develops.
Incentives:
1. Better financial services can be offered on such a network.
2. HODLers would get great rewards ( think about it, about bitcoin, it took 10 years to become a 150 billion market )
3. Fluid capital, we can program our money, be quicker and easier for the people in the network. Let's take an example and be optimistic: The network let's say becomes a 4 billion worth, like Thether. And someone from the network wants to buy a home, he can get directly the money from the network, instead of going to the bank and try to get a loan of $400k, they can get credits (our stable coin) to finance that purchase.
4. Total transparency with our members.
I don't think a bankrun would happen in the first months of the network if the network makes money for the network, no one would leave it, because you can see everything transparent.