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One-to-one transactions? #88
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Great questions! Sorry I hadn't seen your issue earlier.
Yes, well, there's the aspect of time, so if Abraham trusts Bethany enough, he could give her the banana already, in the hope an apple comes his way a few days, weeks, or years later. Then, Bethany acts as Abraham's store of value. The other way around, if Abraham received an apple in the past, he can now hand over the banana to settle the debt from earlier. So in both cases, LedgerLoops just works as a peer-to-peer credit network. It's like saving or borrowing at a bank, except that it's peer-to-peer. If no apple was ever available for Abraham, and none will ever be, in other words, the apple is unattainable for Abraham, then there is no trade.
I see what you mean, but I think the minimum loop length is three participants. With just two people, you don't need to use secrets, you can just keep a tab of what you owe each other. |
I know nothing about this stuff so forgive me if these are silly questions - I just stumbled on this and read it because I found it interesting.
Fascinating idea, and I love that it can function in places that don't have technology 🙂.
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