Post
Topic
Board Economics
Re: Bitcoin major fail - doesn't allow credit creation (aka deflationary currency)
by
Kettenmonster
on 13/12/2012, 18:46:31 UTC
The issue that I see with Bitcoin is that it doesn't allow credit creation.
This assumption is simply wrong.
There is no line of code supporting such a conclusion.

Any currency is not allowing credit creation out of its own.
It's how the banks (ab)use money that allows credit creation.
Apply this to Bitcoins ... and there you are.