Open michielbdejong opened 5 months ago
The article discusses, among other things:
a medium of exchange can be a commodity or a promise of a commodity. The challenge of constructing it is to keep its purchasing power stable by managing the market risk or the default risk
Maybe what I get from framing LedgerLoops in terms of this article, is that it is a peer-to-peer contract negotiation tool that can facilitate barter, netting, credit, and payment.
Maybe I should use this as the framing for the next website (before CoFi 2 if possible)
How can I explain LedgerLoops buildling on #CoFi working paper 1: Constructing systems of exchange as a starting point?