Trust score, Underwriting & Jubliee
Avici should build a Trust Score that rewards cash flow and wealth, using ZK proofs to protect privacy. We can integrate Web2 tools like auto-credit or mortgage payments from payroll accounts to minimize default risks.
A global trust score solves many problems:
Immigrants don’t have to start at zero credit when moving to a new country.
Anyone can borrow a mortgage against both offchain and onchain assets at better APYs than traditional banks offer.
It creates a ledger of proof, unlike today’s credit scores which are terrible at maintaining transparent records.
A 2008-style debt collapse becomes far less likely because all tranches, loan amounts, and repayments are auditable onchain in real time.
Avici can first focus on its existing spenders of current cards and then expand with a go-to-market strategy in regions where people have wealth yet still pay 20–25% APY for a home mortgage.
Figuring out under-collateralized lending is the endgame for crypto. I initially wanted to solve this directly, but realized we need distribution first, which is why we continued to execute on the card and neobank strategy.
Jubilee is what made ancient credit work. It didn’t favor creditors or debtors. A well-functioning world should reward and punish both creditors and debtors. The world today, as Graeber, Author of 5000 years of debt argues, has shifted toward punishing debtors (Watch Bigshort).
A fair and transparent jubilee can help prevent social collapse when debts become unpayable. But it has to be targeted and rule-based so it doesn’t create new incentives for reckless borrowing or lending.
In the ancient Near East (Sumer, Babylonia, later biblical Israel), jubilees were not acts of charity or socialism . Kings declared them because it was in their own political and economic interest:
If peasants were trapped in debt to private creditors, they couldn’t pay taxes or serve in the army.
A debt-bound peasantry meant the state’s productive base was locked up servicing old debts instead of producing new surplus.
By canceling debts and restoring land, the king freed up labor and resources, making his subjects wealthier and thus increasing the state’s ability to collect taxes and mobilize soldiers.
If we can build an onchain ledger where all debt data is auditable with futarchy to guide policy at scale and debt is denominated in a trustless currency, we may finally have a realistic shot at addressing the root of the debt problem, creating a system that can reset itself fairly while discouraging harmful debt accumulation. The economics of this approach are still unproven, but it is worth attempting to see if it can actually deliver a better outcome.
Olympus DAO tried to build a world reserve currency but couldn’t sustain it due to limited utility and ponzi 3,3 tokenomics. A true reserve currency must be backed by real economic activity. Since unsecured credit powers modern money, building transparent infrastructure with embedded safeguards could enable a trust-minimized, internet-native reserve currency one purpose-built for this environment: it can absorb infinite capital, reprice in real time to global liquidity, and create new monetary assets, a bubble that never needs to pop, because its value lies in being money itself.
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