The idea is really starting from a core group of people who trust each other and then expanding that circle using the collateral mechanism for new entrants and

The idea is really starting from a core group of people who trust each other and then expanding that circle using the collateral mechanism for new entrants and then making the relationship less codified over time and more natural The real value is in having an index of people you trust and all the things they’re willing to lend to you I think as people gain trust over time the network effects start to become really valuable