I didn't really think of it as "lending". I just see it as collateralising the industrial economy in the same way as you collateralise a masternode.

The UK's wage bill last year was around £800 Billion ($1200 billion dollars). That is value that didn't exist at the start of the year so for people to get paid, a dynamic source of liquidity has to be found to match the new value. You can't use the base collateral because you'd end up with price inflation in the thousands of percent. Thats why modern economies have a multi-tiered monetary structure which is dynamic.



What the Flowscrip guys are doing is scratching a tiny "hook" into that structure to allow Dash to function as a collateral base for decentralised micro economies. This is a far bigger, more industrial and more appropriate role for base assets than just "paying for stuff in Dash" IMO.

The more I think about this (in the shower of course) the more I feel like they've taken a monumentally powerful concept and almost deliberately couched it in unpalatable descriptions as a camoflage or something. Like, instead of calling it what it is - "collateralising growth" - they've used all kinds of esoteric terms such as "flow", "negative coins" and "credit" which has just caused confusion and rejection. If I had been trying to get that proposal rejected I probably couldn't have done a better job, however I think I can see through the wrapping to what's actually involved here.

One last thing
Dash already implements a "flow economy" that just about perfectly matches that defined in their proposal and everyone's totally happy with it. The masternode network monetises the value of the service that the nodes provide to the network as time progresses. There are also "negative coins" involved just as with the "Proof of Labour" proposal, it's just that they're only implicit in the Dash network. However we can make them explicit if we reverse engineer the masternode economic model and present it formally.

So you see ? We already use a flowscrip model - right under our noses !! Thats why those guys chose Dash, because it's ahead of all other blockchains in these kind of decentralised consensus mechanisms which are fundamental to deploying a decentralised monetary asset as collateral for growth