Post
Topic
Board Economics
Re: With sound money in place (BTC, Gold,...) all consumer credit is gone
by
w00t
on 10/02/2017, 04:23:30 UTC
Hi,
I was wondering, did anyone of you ever thought about that if there were only sound money in place such as (BTC, Gold,...) all consumer credit is gone

Why couldn't someone borrow bitcoins?


The easy credit is currently based on money borrowed that they don't have. If Bitcoin is in place and then the actual Bitcoins would have to change hands the interest rate won't be what is it today but at least double.