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"A Revolution in Money" would mean that no third parties do have control over its value. Nowadays we have something like a server based money network. If the s
by funkydallas 13y ago
"A Revolution in Money" would mean that no third parties do have control over its value.
Nowadays we have something like a server based money network.
If the server (bank) goes down, everybody is screwed.
Imagine a peer to peer kind of money network. Every member is a bank himself. Getting a credit works like crowd funding. People can invest their money into several projects. Investors get a certain percentage of the profit. This way you avoid the "interest and compound interest" problem.
- dllthomas 13y ago"Imagine a peer to peer kind of money network. Every member is a bank himself." This sounds a lot like the original vision behind Ripple.