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Exploring Mutual Credit Systems and Blockchain Technology
The chapter delves into the concept of mutual credit systems and their relevance to capital allocation in the context of blockchain technology. It discusses how traditional banking systems centralize and profit from credit operations, contrasting this with the decentralized and community-focused nature of mutual credit systems. The conversation explores how blockchain technology enables the scalability of mutual credit without the need for extractive intermediaries, emphasizing the alignment of capital allocation with the initial goals of a system.