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In essence, all nodes are borrowers against the value of one room night in the hotel. The chain of repayment was destined to happen at the point that the innkee
by 11thEarlOfMar 4y ago
In essence, all nodes are borrowers against the value of one room night in the hotel. The chain of repayment was destined to happen at the point that the innkeeper sold his next room. This is an illustration of how debt can drive economic activity, since all nodes consumed something of value in return for a promise to pay later.