Abstracting contracts into a standardized unit (of account) creates economies of scale, for the…
Andrew Bransford Brown

Hi again,

the beauty of the Bancor system is precisely that it will allow smaller groups to agree internally on what value means to them, and how to distribute it within their community, while still remaining connected to the “greater” unit of account — i.e. all other units — by some predictable conversion rate. You can this of this a bit like Google translate which allows different groups to retain their custom languages for practical or emotional reasons, while still being able to communicate with all others in a connected environment. Thanks for your continued insights, it will certainly be interesting to watch the space unfold now that tools and solutions are making new models possible.

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.