Money: a placeholder for value, to be redeemed later
Credit: fictitious money
Trade: equivalent value
Goodwill: opportunity to interact again
In kind: returned favours, promises, gifts.
~ Promise Theory
Money: a placeholder for value, to be redeemed later
Credit: fictitious money
Trade: equivalent value
Goodwill: opportunity to interact again
In kind: returned favours, promises, gifts.
~ Promise Theory
The best systems run on trust, not tickets.
The worst confuse credit with wealth.
Keep your promises.
The rest follows.
