Social Collateral and the Economy
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MetaMask co-founder Dan Finlay’s thoughts on the future of moneyDan Finlay, MetaMask co-founder and CEOHuman needs are tangible goods, and cash is merely the means for exchanging tangible goods. A perfectly efficient economy, then, wouldn’t need cash as we currently understand it.Dan Finlay, MetaMask co-founder, believes that healthy economies hinge upon establishing networks of trust — ones in which people rely on each other to meet those tangible needs. He believes that the power of #blockchain rests in its “unprecendented degrees of automation,” in which a person can add others to their secure, shared pools of resources with ease. Rather than dealing with lengthy loan applications and financial contracts, individuals can grant “transitive trust” via blockchains which allow trusted others to (...)