My idea is some non profit gets setup to manage a system where someone announces their mortgage and then they can have friends, family and second and third degree friends and families finance your loan.

Let's say someone buys a $250k house. Each person puts in $100 and then they get a receipt showing they are owed $200 against their 1/2500th share of the mortgage. Repayments are paid the $200 in return in a random time frame of between the first month to the last month 30 years later. Repayment is completely randomized, meaning you could get your money back really soon... Or a really long time from then.

There are a lot of other ways you could build on this idea.

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[–] 5 points 6 months ago

I think you may have jumped the shark with the "loses 2.2% of its value" comment. I feel like most of the world doesn't understand inflation / the difference of real vs nominal dollars.

I tried explaining it to someone once and they kept just saying, "but the money in my bank account is real".

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