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EP70 Art Brock & Ferananda Ibarra on Currencies

The Jim Rutt Show

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The Problem With Mutual Credit Currency

Our current monetary system is substantially mutual credit which seems to me means there may be a problem with the definition. The money actually disappears when you repay principle so how's that different than mutual credit? because in mutual credit what you do is if you create an algorithm for somebody's credit limit to be tied to their productive capacity they're they're track record rather let's say. In holofuel it is that correlated to the past few months of hosting of hosts we take that as a strong indicator of the next few months of Hosts' ability to repay us.

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