To what extent do you see this working in the current environment? My first thought was that since private banks can print money, they do provide a relatively efficient solution to this problem. A line of credit from a bank means the merchant doesn’t have to rely on the producer’s credit worthiness, but rather the bank’s. In fact, since credit and money are essentially indistinguishable today, the merchant really only has to trust the money.

Do you see this eBill system as having a place in the current economy, or as preparation for a world where lines of credit no longer are feasible?

P.S. I love these posts of yours diving into what worked in history and how we might learn from or implement it - keep up the great work!