I’m not a specialist in these issues, first of all.
The value of money goes down because of inflation, which is why you are incentivised to earn more when you’re younger, so after accounting for decay, you have enough saved up for your eventual retirement.
But a deflationary system like gold, btc etc. are a tad unfair because the early adopters in the founding generation accumulate “a fortune for generations” for say an x amount of work, whereas an individual born in an established crypto or gold system will only accumulate an exponentially low fortune for a similar kind of effort. So this locks in permanent inequality like in the old days.
By activity trap I mean things that
- prevent science from moving forward
- prevent society from expanding its social space for everyone (ie every society has outcasts who don’t have a place in the current system)
- invent activities that keep obsolete arrangements relevant
etc
Given such a broad definition I admit I’m not in a position to say what is an activity trap and what isn’t. It could all just be necessary drudge work to get to a better situation. But right now it “feels” like an activity trap.
Your solution, if I understand correctly, is to have some type of money that decays back into the system, if left accumulated and unspent after some time.
But there is still nothing here to stop someone from gathering enough quantum of value to force some sort of gate-keeping type situation. People will always be incentivised to save what they earn. Maybe for tomorrow, a bad season or the next 10 generations. It isn’t people who are thinking short term. People in large groups behave in ways that suggest to the observer that short term benefits trump long term goals.
While money seems like a good tool for societies to manage social behaviour perhaps we are looking at it wrong when we think it can easily be used to set the kind of long term goals that can easily avoid activity traps. The obsession with money and monetary system, maybe distracting attention from avenues where much greater improvements can be made.