90% of credits traded would be national producer credits. Think Safeway, Walmart, or Lowes. Everyone would need Food or housing, so the day to day trades would be in these tokens.
& what prevents me from making fractional loans backed by safeway credits?
Producer credits have a claim date to prevent the re-loaning process. Credit is created, circulated as money, then extinguished when the Good or Service is claimed.
If the claim date is 1 year (as in the Toyota example) that is enough time to re-loan it out.
The video i sent earlier explained how loans would operate in the system. It would be self balancing unlike now.
