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Karma: an ERC20-compatible Alternative Money on the Ethereum Blockchainby@thebojda
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Karma: an ERC20-compatible Alternative Money on the Ethereum Blockchain

by Laszlo Fazekas11mSeptember 11th, 2023
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What if everyone operated like a bank? Instead of taking money on credit, they would create it themselves. Of course, such a system would only work if there was a limit to the amount of money that could be created. So everyone's debt would be public. If I had to choose who to sell my products or services to, I would give it to the one with the least debt, as this gives the best chance of it being paid back quickly. Therefore, everyone is interested in keeping their debt low by repaying it.
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Laszlo Fazekas HackerNoon profile picture
Laszlo Fazekas

Laszlo Fazekas

@thebojda

Developer, HackerNoon contributing writer

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The writer is smart, but don't just like, take their word for it. #DoYourOwnResearch before making any investment decisions or decisions regarding your health or security. (Do not regard any of this content as professional investment advice, or health advice)

Opinion piece / Thought Leadership

Opinion piece / Thought Leadership

The is an opinion piece based on the author’s POV and does not necessarily reflect the views of HackerNoon.

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Laszlo Fazekas HackerNoon profile picture
Laszlo Fazekas@thebojda
Developer, HackerNoon contributing writer

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