I wanna see this used between federations in the developing world! I’m loving the idea that this infrastructure and freedom tech in general can create prosperity in the most neglected corners of the globe. Those that are the most repressed by the current financial system get a head start in a new system - the tables are turning!

That businesses with a line of credit can pay their suppliers without having any money - the banks create it on their behalf. From the point of view of the supplier, their account receives the money, but from the point of view of the business, the cost doesn’t show up until they settle their debt with the bank at some later date. A win-win scenario. The problem is just that this relies on the bank’s ability to create money. If they had to put up some actual finite money they could not simply create, I suspect they might have to be a lot more careful with who they extend credit to (since default carries a higher risk when money is not lent into existence, and since the limit on money supply would mean only the most productive uses of money are prioritised). It might therefore not be feasible for banks to provide this service as widely and effectively as they do today. Which makes a peer-to-peer solution more attractive. (FYI, this is just based on my current understanding of today’s system, and I’m happy to be corrected if I’ve missed something.)

To what extent do you see this working in the current environment? My first thought was that since private banks can print money, they do provide a relatively efficient solution to this problem. A line of credit from a bank means the merchant doesn’t have to rely on the producer’s credit worthiness, but rather the bank’s. In fact, since credit and money are essentially indistinguishable today, the merchant really only has to trust the money. Do you see this eBill system as having a place in the current economy, or as preparation for a world where lines of credit no longer are feasible? P.S. I love these posts of yours diving into what worked in history and how we might learn from or implement it - keep up the great work!

I work for a major car shipper and have been thinking about how to get the industry to understand Bitcoin… Would love to hear from your perspective as well. Message me on whitenoise if we can get it to work:

Very helpful perspective! The way describes DarkFi, it seems like it has potential to be close to ideal for privacy should it prove to work as intended. But a lack of robustness facing bugs would be an issue. Not to mention making people trust it enough to adopt it. Perhaps going for some fully encrypted Bitcoin second-layer is a good tradeoff?

Or could we protocol (over nostr?) it so that any app could present any protocol-compatible listing! Perhaps that could even allow for me selling your product on my website for a slight «affiliate fee» or markup in a very slick way 🤔

Is there an #opensource and #privacy preserving tool where I can chuck in all my random and unorganised notes and ask an AI questions about them? #asknostr It would take me sooo long to organise everything.