some people may think credit networks will be an alternative to banking. but the original relationship between banks is a decentralized credit network. the whole thing naturally and gradually centralized and that's how we got to this shit today.

you may look at "p2p" credit as something between people sovereign individuals who know and trust each other. problem is that's mentally exhausting even if the tech helps with impeccable accounting. the fact that someone owes you and something can happen to them is a drain on your energy.

so it will naturally trend towards a "b2b" as in bank-to-bank relationship with neo-banks and other money service providers. this is the inevitable end-game. and when banks use credit networks to settle among each other, you have finally left behind all pretenses to on-chain scarcity.