I liked the discussion with Pete because he is a trader as well.
However, the lending/borrowing function does not really need to change that much. Lenders will price based on perceived risk and level of collateral. Both parties will hedge exchange rate risk via derivatives markets. Happens all around the multi-currency world today.
Also, arbitration and a free market for law has been prototyped at http://www.judge.me/about
Topic: 2013-05-06 LFB Videocast: Jeffrey Tucker and Peter Earle (Read 858 times)
Quote
Bitcoin, Bubbles, and Volatility as a Virtue
Peter Earle, economist and trader, examines the market for alternative currency and its limitations, promise, and volatility.
Peter Earle, economist and trader, examines the market for alternative currency and its limitations, promise, and volatility.
http://www.youtube.com/watch?v=CyFKDfciNFQ
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