[muzani]

I'd like to see non-usurious finance make a comeback. Basically the idea that when you borrow $N, you pay back $N*inflation. You can give $X in addition to the amount you're required to pay back but it wouldn't be contractual. We've done these loans to fund some local companies and they were profitable despite not having contractual interest.

Does it scale? I don't think it should. Debt is deeply rooted in our society but I don't think it actually improves things. People overestimate what they have, buy things they don't need, and it raises the prices for the thing artificially. Being locked into credit card debt is nasty and should never be allowed by a responsible society; it makes people as helpless as slaves.

The VC model is awesome: you give $N and take M% of equity, but also take some of the risk.

I suppose the question is how we can transition to a society less reliant on debt.