Oh look, another thread where we can discuss bitcoin's fatal flaw:
I can't counterfeit it.
Please contribute with something or post your wise a$$ comments elsewhere. Nobody likes a troll.
He asked it to make you rethink your perspectives. Your understanding of the role of credit is somewhat skewed. Not really wrong, but disconnected. It's not credit or liquidity that leads to the outcome that you seem to believe above, it's reallocation of real capital that can occur using credit as a tool. This is not a certain outcome, as it's subject to the errors of investment and adds another; namely the possibility of mis-allocation of capital.
Thanks, that makes a lot of sense and to be frank, the whole post has been done from a devil's advocate perspective. I had someone asked me that question (how can Bitcoin work if you can't get credit/loan to grow) and I couldn't answer and I wish I would have a good answer to defend Bitcoin. I was hoping to start a discussion where I could find answers on the subject.