A share based currency system is one that treats every dollar like a share that is backed by trad-able goods and services in the market. When you offer a good or service for sale you are officially backing the currency and this can be explicit or implicit.

Managing the currency is done through splits and reverse splits, dilution, and uneven splitting based on a set of rules to adapt to the local economic condition. This would make everyone wealthier when the economy goes up as their shares would split in their accounts to avoid deflation. This would drive up demand for our currency causing more splits allowing us to buy more in this world. Also as local economic conditions are better adapted to there are less dead spots in the economy. This is like targeted fertilizer to just those plants that need it.

If a major natural disaster hits some area the currency in and around that area can be swelled amongst the poorest hardest hit people to help them get back on their feet. This is akin to swelling in the body that allow blood and resources to get to the area to help heal a wound. Likewise if a new butcher comes to town and expect to do $25,000 of business over the next quarter than another $25,000 needs to be added to the economy over the next quarter preferably amongst his customers and their customers so that they can earn the money to buy his good. This is done with targeted share splits in people accounts. If enough timely information is collected this can be done at the point of transaction otherwise it can be done by guesstimation and tacking with reported results.

With this type of currency a dollar here could be the same as a dollar on Mars as the exchange rate is already taken care of and adjusted to actual transactions by adjusting the volume of shares in each place.

Draw backs of a share based currency system include a lot of power in the hands of currency managers which would need to be checked and the possibility of abuse of that power. A share based currency system that took transaction data at the point of transaction via chipping people could easily be called an Antichrist currency and which as the prophecy goes comes at the expense of religious freedom which is true wealth in exchange for material wealth. T’is something to avoid.