deror Ecosystem

A healthy economy needs more than just a smart credit system.  It needs a place where people can come to buy and sell.
And it needs a way for people to invest in good business ventures.  Explore the vision of a deror Ecosystem.

Traditionalist meets Futurist

Contrary to popular myth, the earliest civilisations did not use either barter or coins to buy and sell.  Over 5,000 years ago, our ancestors used credit systems, or I Owe You's.  The records of Who Owes Who were kept by central authorities such as temple priests, often in the form of markings on clay tokens or slates.

Ever heard the phrase "wipe the slate clean, and start again"?  This was a popular ancient practice for dealing with problems caused by too much debt.  Kings and rulers would periodically declare a nation-wide debt cancellation, or "Jubilee".  All the records of debts (IOUs) were destroyed, so everyone could start over with "a clean slate".

Deror revives this traditionalist practice, with a futurist techno twist.  The records of everyone's IOUs are not kept by a central public authority.  They are recorded in your own encrypted digital ledger.  And instead of waiting a lifetime for a wise and powerful ruler to order a total debt cancellation, the deror algorithm automatically cancels a small percentage of everyone's IOUs, every single week.

Back To The Future

Imagine a world with no banks

Because everyone is their own central banker

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