Hi, thanks for the interest! Actually, there is no ledger (:
Every two nodes that setup mutual credit maintain the balance between them. This turns out to be enough to be able to send funds across a chain of nodes in a secure manner.
Some of the general idea can be found here:
https://offst.readthedocs.io/en/latest/theory/
It is a bit outdated given the modifications of the last few months, but I think it is still relevant enough to give you a better view of how things work.
Principles is fantastic. At the same time you may read and think "sure, common sense" but then did you think that before you read the item -- probably not. I feel this is a book to keep for a lifetime. Can't wait for Ray's economics book.
The Dao of Capital is deeper. The chapter on Conifers (yeah, pine trees) and how they exist with and balance times of trouble versus opportunity is well worth the price of the book.
Also, and not least, Nassim Taleb's books: Fooled By Randomness, Black Swan, and Anti-fragile. Poetic, deep, useful, and entertaining. Fantastic. A pleasure to read and listen to in audio while driving/traveling.
Second this. Taleb's Black Swan and Spitznagel's Dao of Capital especially were extremely thought provoking and have changed the course of my life. I read them every year at least.
https://crowdstart.capital are airdropping tokens to those who've programmed something with blockchain, written a tutorial, or otherwise contributed to the blockchain ecosystem! More tokens can be earned by referring your friends!
