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> There’s no reason credit instruments should be on a blockchain in the first place, given you’re depending on a central party for redemption. Can you elaborat
by comboy 5y ago
> There’s no reason credit instruments should be on a blockchain in the first place, given you’re depending on a central party for redemption.
Can you elaborate? Say you issue RUNEKs, how do we move them around freely in a digital world with the assumption that you are not required for transfers?
- doomroot 5y agoRunek seems more likely to be asking, why pay the very high price of putting a trusted instrument on a trustless blockchain. Which I believe is a fair question.
- comboy 5y agoI'm asking how else can you get the same functionality.
- runeks 5y agoWhy don’t you want me to be required for transfers? You already depend on me for redeeming your coins for USD, so depending on me for transfers doesn’t present any additional risk.