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This chapter proposes a radically different model of financial intermediation—a decentralized, failure-proof lending platform—designed to avoid the systemic risks and contagion effects that plague traditional banking systems. It outlines how such platforms can operate without holding deposits, making loans, or being subject to national regulations. The chapter has two Appendices that show how cloud-based decentralized platforms can provide the full range of financial services that a person would need for their entire life.

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A Financial Intermediary That Will Not Fail and a National Financial System That Will Not Crash

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  • 发表日期：

    2026年

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  • John C. Edmunds

摘要

This chapter proposes a radically different model of financial intermediation—a decentralized, failure-proof lending platform—designed to avoid the systemic risks and contagion effects that plague traditional banking systems. It outlines how such platforms can operate without holding deposits, making loans, or being subject to national regulations. The chapter has two Appendices that show how cloud-based decentralized platforms can provide the full range of financial services that a person would need for their entire life.