so you still need brokerage between these with routing between them, accounting for their trustworthiness. not to mention these companies dont specialize in money creation/management.
Bitcoin with colored coins would manage much of this. Since your very interested in this new form of money, this video explains the details.
& you still have the routing problem.
Its p2p on Bitcoin. There is no routing, only mining of the token ontop of GROUP or OP_RETURN.
Sure you can make colored coins but their supplies will be in constant flux. Their values determined by the trust in the issuer (nebulous, difficult to determine) & the number of coins
You trust walmart to have goods in supply? I believe their credit would be very trustworthy and less fluctuating than crypto markets are.
money "backed by a commodity" just means people are willing to trade money for that commodity at a price. that is already the case for anything you can buy.
Not even close. The Money is a third party utility, while producer credits are priced in money, they are not money itself. This small difference is the key.
