The Blockchain Socialist cover image

ReSource Finance: Building Bridges to New Monetary Systems

The Blockchain Socialist

00:00

The Different Types of Mutual Credit Systems

In a mutual credit system, everyone has the ability to create money rather than it being created by a centralized entity. From person to person, I can have a credit line with Ashley. If I buy something from her that I would send her 10 credits. So then our balances would be I would be negative 10 and it would be plus 10. We're not trying to compete with any of these existing mutual credit networks. We're actually just trying to provide a layer of technology that can be inserted within these groups that already exist all over the world.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app