ReSource Finance: Building Bridges to New Monetary Systems
The Blockchain Socialist
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The Benefits of Mutual Credit Systems
A lot of money or transactions are handled through credits where people don't immediately have money available to kind of spend money that they have. The reserve is on the blockchain, which means it's transparent, which means you as a community member using the system can also see that the reserve is capital to a certain threshold. That's another kind of improvement over the existing financial system. When you're part of a network here, if you want to be able to trade with other networks without having some sort of arbitrary rate set by operators, then there's a lot of data about each transaction in a way that's trusted and fair.
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