Jan
30th
Wed
30th
Making money from money: is this a needed feature of our society?
Ripple is an attempt to (re)design society: our interactions will no more based on the fact we all agree money (generated by banks and governments) exist but on how much we trust other people. Each participant indicates which other participants he or she trusts, by offering to accept their IOUs up to a certain amount, like a line of credit: your peers become the generators of currency. In short, Ripple lets everyone act like a bank.
Now, in such a society, is interest needed? Do we want…
