I get your point. Although (as I have touched slightly upon in the article) several crypto-based donation systems exist and some companies are already working on crypto-based lending.
BTW: the only term I can think of is "leaving behind"
BTW: the only term I can think of is "leaving behind"
For the most part, I am skeptical of cryptocurrencies since they need to solve stability and identity first before tackling credit. An additional problem might also be usability; private-public key pairs should be abstracted away to the end user. As for donation systems, I don't think they have the same network effect as credit systems.
[1] https://www.npr.org/sections/money/2016/09/07/492988779/epis...
"private-public key pairs should be abstracted away to the end user" what do you mean by that?
"I don't think they have the same network effect as credit systems" What kind of network effects to do you see w/ a credit system?
2. Credit systems where you loan money to other people based on other's deposits has a multiplier effect [1].
Did not know about the Money_multiplier. Cool info, thanks!