Therefore all banks that have big scale and big M2 deposit cycling are like Facebook or a mutual credit network: they're graphs with a certain velocity. Facebook has retargeting to reduce churn and drive ad interactions, banks have account velocity, mutual credit has the same.
If the next Facebook (improving the utility of online advertising, massive B2C interface) were to apply what works about fractional reserve banking it could create a mutual credit network between the small/.med. sized biz using it.
Large corps+banks have done it for centuries!
Large corps+banks have done it for centuries!
This anchors on hard money/austrian economics by giving us a valued moat for the security of the ledger, *but*, we can also apply the network effects of fiat corporatism down stream to a decentralized grain that means everyday people are on similar business footing.
Bitcoin+tx signing to scale (layer 2)+mutual credit tokens+wallet for everyone+in-wallet sales comm. based ad model+big data = trillions in new money supply creation.
I wrote about this in a long forgotten blog post in 2014, the MC comes last, the BTC is the base, the stocks and bonds and derivatives are the intermediate layers, and away we go. Dramatically increasing economic growth globally by giving System B all the tools that System A had.
System D - les debrouilliardes! But also a grade D system, like selling DVDs at the train station for crumpled cash in 2009.
System B is more brisk, online, decentralized and has all the forms of leverage you need.
System A is for type A personalities who want to rule the world
System B is more brisk, online, decentralized and has all the forms of leverage you need.
System A is for type A personalities who want to rule the world
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