Show HN: Offset – Credit card powered by trust between people
This looked initially like a cool idea, then I realized that to trade with someone you have to have a mutual credit line with them, or through someone who already has a credit line. How is this any different than the current model, where the bank&#x2F;government&#x2F;central money issuer is our mutual credit line and why wouldn&#x27;t this model eventually end up with banker-type people managing the credit for everyone? You could go now to a bakery and ask for mutual credit, the problem is they would prefer the safest route, which is credit through the current monetary system. How is Offset protecting against the same thing happening? Am I missing something?