Patrick Dugan
Jul 24, 2017 · 1 min read

What you call ‘decentralized banking’ I call mutual credit clearing, there’s a lot of history behind that, I encourage people to google the phrase. I agree that is going to be the big creator of new credit after the global fiat crisis is done.

Meanwhile, what I call ‘decentralized banking’ has to do with hedging scarce crypto for synthetic fiat.

Working on the automatic clearing of the hedges now. This will be the killer-app for cryptocurrency for some years until there are enough data points on ID and so on to effectively implement mutual credit clearing.

    Patrick Dugan

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    From decentralized forwards to decent futures