Re: Can Bitcoin even work in our current system?

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?

Yeah, and Governments will start to see that and forbids it to happen since they can lose everything in power if that happens.

I also thank Bitcoin for accompanying me since I used Bitcoin in its time and I think Bitcoin is now better than the previous year

because bitcoin also means a lot to me because all this time I have used bitcoin, there have been so many benefits such as from my economy and finances which are getting better

if the system developed can implement blockchain technology and use bitcoin for transactions, it might make the economic conditions more because transactions can be faster and safer and all can see the transaction.