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0 sats \ 2 replies \ @_b_o_n_e_s_ 29 Oct 2022 \ parent \ on: Tether, Holepunch, and Synonym Launch Pear Credit, a P2P Credit System šš³ bitcoin
Credit as in IOU
Credit means thereās trust involved.
Trust that youāll be able to redeem the IOU.
Not necessarily. Sometimes tokens are issued and they donāt really know what they will be used for. Mcdonalds points are redeemable for random rewards and you lose them over time. Thereās really no guarantee there other than āyou might as well save these and theyāll beā¦ somethingā idk.
When I think of credit, I think of placeholders for money that is redeemable for the money. The use case of this is much broader.
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Was kind of just paraphrasing what the tweeter, one of the team, tweeted
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