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Filecoin's Proof of Replication sounds similar to Valueflo.ws and Holochain's asset backed currencies. Let's go full distributed computing and use mutual credit
by thulecitizen 7y ago
Filecoin's Proof of Replication sounds similar to Valueflo.ws and Holochain's asset backed currencies. Let's go full distributed computing and use mutual credit while we're at it. Otherwise we're just going to carry forward the broken dynamics and assumptions of the current economy.
- chrisco255 7y agoWhat is "Mutual Credit"?
- thulecitizen 7y agoMutual credit means everybody can extend credit to another peer, and there is no centralized issuance of credit. The agreements themselves are fully p2p without any 3rd party. Using mutual credit (which the Holochain pattern/framework is specifically designed to do) [1] also means the mutual credit protocol/agreement itself can evolve without being bottlenecked by the developments of said 3rd party. "Check out, for example, mutual credit systems like Sardex, where small businesses get together to issue money as credit to each other. Everyone starts from zero in the system, and then goes into and out of short-term debt to one another by either receiving goods and services — which creates a future obligation owed — or by being prepared to offer goods and services to people on the system, which earns you positive claims on others—otherwise known as money." [2] [1] https://medium.com/holochain/holochain-reinventing-applications-d2ac1e4f25ef https://medium.com/holochain/holochain-reinventing-applicati... [2] https://howwegettonext.com/the-future-of-money-depends-on-busting-the-fairy-tales-you-believe-about-its-past-30cbd90619e0 https://howwegettonext.com/the-future-of-money-depends-on-bu...