The designed incentives are set up to trade in freicoin, and immediately cash out into something else. Clearly there's got to be an opposing force that turns "immediately" into a variable length of time (maybe transaction fee versus liquidity projection). The changing of this time period based on economic conditions is going to make your monetary flow unpredictable. In fact, it seems that in "down" times when people are looking to spend less, they'll want less freicoins, causing the value to drop with positive feedback.
Presently, banks can loan out ten times the money they've obtained, so any asset-based system is going to be a step back for easy credit (which imho is a good thing). Availability of credit and low interest rates have more to do with the risk of default (assuming a sound money supply). As such, if you want to improve the availability of credit, you should work on improved tracking of people/collateral (which imho is a bad thing).
Fundamentally I think you're looking at this from the wrong perspective. Improving people's ability to live paycheck to paycheck is only further perpetuating the system where most people are at the mercy of the economy.
Presently, banks can loan out ten times the money they've obtained, so any asset-based system is going to be a step back for easy credit (which imho is a good thing). Availability of credit and low interest rates have more to do with the risk of default (assuming a sound money supply). As such, if you want to improve the availability of credit, you should work on improved tracking of people/collateral (which imho is a bad thing).
Fundamentally I think you're looking at this from the wrong perspective. Improving people's ability to live paycheck to paycheck is only further perpetuating the system where most people are at the mercy of the economy.