Thanks for your thoughts, they help me understand the nature of money.
By the way, doesn't Ripple/Stellar fit your description of money quite well? I'm not sure of whether it keeps track of transactions or not, but the fact that no-one can control the creation of money. Except the ripple token, everything else is an IOU, which anyone can create. If I trust you, I could exchange my piece of furniture for an IOU from you, which you create from thin air. It would not be backed by anything but my personal trust in you. That, however, doesn't solve the problem of agreeing on any unit/measure of value.
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You are welcome. One thing I like about Steem is this exchange of ideas. Like your post made me think and still does. In a good sence though. :-)
As far as I remember both Stellar and Ripple use a transaction recording blockchain. There are though purging ideas to be implemented. This might be a small step in the good direction.
And then there is the mini-blockchain approach of Cryptonight. (Not Cryptonote...) There could be a solution in the sourcecode of that.
The exchange concept that could work would be people money under democratic control. Mutual interest in an agreement what would be the lowest token of value.
It will be challenge though because the banking system has become 'normal' dogma. And still is to many.
Now the awesome thing of Open Source and the free internet is that free minds can come up with fresh ideas.
And prove Einstein right when he stated that you won't solve a challenge by doing the same over and over again. And expect a different result.