Incredibly interesting. As an ex-banker, I've always thought our current money creation mechanism is a bit messed up. This is an interesting alternative.
Questions from me:
If someone wishes to make a payment, Offset will find the best path via friendships to facilitate the transaction. What if a bunch of people are offline and no path can be found? Does this require the creation of a direct friendship?
Do you imagine certain nodes trying to become "hyperconnected" so that they may connect as many people as possible, and earn fees from providing this service?
What algorithm do you use to compute the shortest/cheapest be path between two counterparties? Does this scale well in a distributed, self-hosted system?
How does one establish a friendship/trust with another party, and who sets the credit limits for the relationship?
Questions from me:
If someone wishes to make a payment, Offset will find the best path via friendships to facilitate the transaction. What if a bunch of people are offline and no path can be found? Does this require the creation of a direct friendship?
Do you imagine certain nodes trying to become "hyperconnected" so that they may connect as many people as possible, and earn fees from providing this service?
What algorithm do you use to compute the shortest/cheapest be path between two counterparties? Does this scale well in a distributed, self-hosted system?
How does one establish a friendship/trust with another party, and who sets the credit limits for the relationship?