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In 3 seconds:
Imagine Venmo without a Venmo (PayPal, Apple, Google or anything else) in the middle.
In 10 seconds:
MyCHIPs is like a fully decentralized Venmo. You can send and receive money from people you trust, and you can pay strangers, or be paid by strangers without trusting each other. Payments without trust happen by finding eventual, indirect connections using only trusted connections.
Got more time?:
Explore the links below:
Read The MyCHIPs Papers, which detail how value can be transmitted in a purely peer-to-peer private credit network.
Read from Got Choices, The Book, where a CHIP-based system was first proposed.
ChatGPT analyzes the concept of value, how money is valued, the CHIP and MyCHIPs
Discussion about the MyCHIPs system and its potential impact on the future of money.
WatchDiscussion about how MyCHIPs provides an alternative to conventional money and cryptocurrency systems.
Watch ListenThe GotChoices Foundation gives a presentation geared toward cryptocurrency enthusiasts about MyCHIPs and how it relates to cryptocurrency systems.
WatchThe GotChoices Foundation presents on the MyCHIPs lift algorithm at the Commons Hub in Austria.
WatchKyle Storey defends his Masters Thesis proving important properties of the credit lift algorithm.
Watch