65 Aufrufe

Danke für die Bewertung! Teile es mit Deinen Freunden!

Danke für Deine Bewertung!

Published Jul 15, 2021

The Truth about Bitcoin, Can BTC be The Future of Money?
What is money? It is an interesting question .In 2021 money is neither a commodity backed or a total state fiat medium of exchange. Most of the “money” that exists today is credit. Credit is money. Credit vis a vis fractional reserve banking .I deposit 100 dollars into the local bank and the bank then loans out not 90 dollars if the reserve requirement is 10 percent but rather 900 dollars and keeps your 100 dollars in reserve.
Credit from the central bank of which there is a monopoly that serves the interests of the banks, and so on... Don’t overlook the fact that it is the credit creation process that controls the money supply and that whoever controls the credit creation process controls the empire.
Credit that is used “productively” likely can generate enough demand to offset a rise in inflation. Credit that is not used for increasing the size of the pie or productively and is used for things like speculation (buying and selling Bitcoin in its current iteration, real estate bubbles, etc ...) will lead to inflation.

Kategorien: Bitcoin

Kommentare deaktiviert.

Anmelden

Als nächstes