Why Banks are Declaring War on Bitcoin – mm

What if we lived in a world where all transactions were person to person and cost almost nothing.What if we lived in a world where the money you save gradually becomes worth more, not through interest, but simply because as time passes you can buy more stuff with the same amount of money.What if debt becomes a very bad idea because, if you owe 10 units of currency today and the currency is slowly becoming worth more, then you would gradually owe more money. So no one would want to go into debt.What if debt becomes a very bad idea because saving becomes a very good idea, because whatever money you have becomes worth more as time passes. It becomes worth more, not because it’s being exploited by a bank, but because more people want the same amount of money.

via Why Banks are Declaring War on Bitcoin – mm.

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About plerudulier

Primarily interested in interacting and engaging with people about issues related to profession but also charity, environment, ... you get the idea.

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