Post
Topic
Board Bitcoin Discussion
Re: Bitcoins interest rates possible?
by
Bastet
on 26/06/2011, 13:45:29 UTC
Quote
The only way for someone to get out of debt is to put someone else in even more debt.

nonsense.

I don't have anything against bitcoins per se.  They can be, and probably will be, a form of money.  That doesn't mean that banks won't lend you money or that interest will go away or fractional reserves won't work.  These games will be our undoing and are separate problems we'll have to deal with.  Personally, I chose to remain debt free at all times, can't stand interest, or bankers for that matter, and I don't want to get caught in that evil downward spiral.  I don't owe anyone jack sh*t and love it that way.

It's the way the game is played I don't like.  http://www.youtube.com/watch?v=SUkwntLNTOU#t=12m38s  Watch the whole video, it's quite interesting.