"Atomicity scales further by digitizing trust explicitly, so obligations can be routed, netted, and settled incidentally instead of pretending every meaningful economic act must be immediate final set...
my interest in credit money is purely academic at this point and conditional to us figuring out we need an elastic money supply for a real world economy to function.
it's possible we are going to need it, but we should not capitulate just because scaling ownership without custodians and IOUs is a technical challenge.
If we end up needing it so the wheels keep turning, because we run into a liquidity crunch with base money alone. then we should explore ways that only introduce elasticity and not perpetual debasement!
https://x.com/4moonsettler/status/1892561462750502955
it's possible we are going to need it, but we should not capitulate just because scaling ownership without custodians and IOUs is a technical challenge.
If we end up needing it so the wheels keep turning, because we run into a liquidity crunch with base money alone. then we should explore ways that only introduce elasticity and not perpetual debasement!
https://x.com/4moonsettler/status/1892561462750502955
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