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Of course, "credit" is how the modern banking system works. So an "IP layer for credit" is infinitely more valuable (if it works…which is a big if).
by etchalon 12y ago
Of course, "credit" is how the modern banking system works.
So an "IP layer for credit" is infinitely more valuable (if it works…which is a big if).
- runeks 12y ago> Of course, "credit" is how the modern banking system works. Correct. Ripple adds another layer on top of the traditional banking system. > So an "IP layer for credit" is infinitely more valuable (if it works…which is a big if). Well, Bitcoin can be credit as well, and can be interchanged with national currencies via Ripple. The two protocols complement each other, they don't compete. Just as the USD does not compete with Ripple (because it is a currency that can be traded on Ripple, just as bitcoins).