Hi,

This is a “grid+” idea. And indeed it has the potential to flood Ethereum with lots of new users. Raiden could indeed deal with some of scalability issues, but still not sure near enough. Tendermint/cosmos could offer raiden like alternatives.

But then we will have various tokens backed by different deposits groups each with their own policies. I bet these policies will create different trust and hence different value on the market. Let says token A in $ is working with bank X and token B in $ is working with bank Y. To me it’s not the same dollar, as cashout policies for instance may be different. What impact do you think this could have? Hopefully the effects will remain far below the fluctuations seen on app tokens.

Regards,