I kinda would like a crypto that works like this. And I am just saying this off the top of my head. So, if I thought it out in detail, I might change some things.
A coin that is stable, 1 to 1, with the USD or other strong currency.
A wallet that can only be obtained from someone who already has one. There would be no wallet source, except that the code would be up on a bunch of websites so that people could compare their wallet to it to see if they had a real wallet for this coin... or copy it (maybe) to make one for themselves.
There would be no mining or minting.
The only way people could get coins would be to borrow them from somebody who already had a wallet. But the borrowing would, also, be a creation of new coins rather than real lending. So, the lender wouldn't actually be lending anything.
Repayment of the so-called borrowed coins would be done to the so-called lender, and could be done using some of the coins, themselves(?), or with another coin/token, or fiat currency. There would be no interest over the term of 'repayment'.
At the end of the term, the borrower would receive back his whole repayment amount, but only if he had repaid in a timely manner, according to the repayment schedule. But the repayment of funds would not come from the lender. Rather, it would be another creation of new coin.
The blockchain would exist only to limit the number of loans made, so that the coin would not inflate too fast. New coin creation would be based on a formula:
1. Similar to the Bitcoin mining difficulty;
2. Taking into account the number of borrowers with relation to the number of coins in existence;
The whole operation, wallets and coins, would be under PMA (Private Membership Association) rules, with the language built right into the wallets, and with each transaction being its own new PMA, the difference between them being the hash. This would make it totally private, outside of government control in the US, and according to privacy laws of each country wherein the coin was used. Note that what people do behind closed doors can remain private for a long time.
Participants might need to be registered in a database, simply for the purpose of keeping participants from maintaining multiple wallets, and inflating the coin too rapidly, thereby. However, there might be other methods for limiting inflation.
Because of a possible high rate of inflation, the coin would be built to be spent rather than to be stored for future value. This should be written as a strong warning, right in the wallet. However, there would really be no loss through inflation, since the coin is created anew each time it is loaned. BUT, store value in gold, silver, land, etc., rather than this coin - and maybe any other crypto coin/token.
So, how's that for a start... for bringing usable money into the free market, and out from under control of the wealthy. Remember, this is just an idea so far. It needs work in the idea department. And the coding would take as much work as Bitcoin before its launch, and in the early days.
