Post
Topic
Board Politics & Society
Re: history of money
by
Spendulus
on 14/11/2018, 18:45:21 UTC
So credit card is introduced after the great depression and just after WW2. Thus credit card system has not really been tested in bad situation (well, maybe little in housing crash 2008.) On the other hand, the same can be said about bitcoin, too.

No.

The credit card system is nothing but a first generation electronic money system.

It's already obsolete.

Just not as much obsolete as paper money.