Where does money come from

One the one hand we have skills and resources, and on the other there are needs, wants, and desires. Somehow needs cannot be satisfied with available skills and resources without some magical medium called money.

The most common sources of money are mining, debt, and credit.

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Network of Trust

Ryan Fugger: The Ripple service allows payments between interconnected friends and businesses. Normally, if your friend Alice owed you $10, she would have to pay you back before you could make any use of that debt. If you were creative, however, you might be able to pass the debt on to someone else who knewContinue reading “Network of Trust”

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