Bitcoin Forum

Let's say US Government wanted to get into alt-coin business

We'll call it CUSD - Crypto USD

Blockchain is open for inspection but blocks are created by government, not miners.

Government decides how many new coins get created - just like they do with paper money.

A user can create a "bond" transaction - where he specifies that X coins will not be spent for Y years.

A reward for doing this is a share of the new coins created, proportional to his share of the total bond transactions.

Creating a bond transaction allows users to hoard while at the same time since the user can not spend then, the value in the bond transaction can be made available for loans.

So in this way, hoarding coins does not reduce the coins in circulation.

If a user who creates a bond transaction finds he needs money, he can sell the bond transaction to someone else.

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Totally crazy or might it work?