Quote from: MarjorieZimmermanGinger on December 07, 2018, 01:35:05 PM

Quote from: Lexurdania on December 07, 2018, 10:38:58 AM

Quote from: Indamuck on October 13, 2018, 11:26:37 AM

Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.

I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?

Bitcoin is decentralized system and its hard to replace fiat money in our currency economic system. Every country need their own currency because every country have different strenght on their economic.

therefore bitcoin is very useful for a country in the field of transaction tools, because bitcoin is very fast and safe as a means of payment in the future and in terms of the economy as well

We must agree that system where economy is stimulated by loans is wrong, people start to get it. Indamuck is right about changing our consumerism, we need to do something about
it globally. It`s more than Bitcoin when he wrote that people wouldn`t be able to borrow money that doesn`t exist, it`s the advantage of most crypto-currencies.
I think that crypto-currencies can work in our current system. Internet is available everywhere, we all have mobile phones. I think that using crypto-currencies would make many things
easier than they are now.