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Assuming the insane scenario that Bitcoin becomes the world's one currency. 21 million Bitcoin are printed,most end up in the hands of few. How do you stimulate
by yawaworht1978 5y ago
Assuming the insane scenario that Bitcoin becomes the world's one currency.
21 million Bitcoin are printed,most end up in the hands of few. How do you stimulate economic growth?
- barnabee 5y agoToken issuance is analogous to a loan economically (it creates new money supply) and in terms of its ability to finance economic growth. Anyone can do it, which is a massive improvement on access to finance today (or, in some countries, would be if not for outdated securities regulation). Given that each token is traceable, it is very clear what risk one is holding if one holds a basket of tokens, much more so than for holders of bank equity or securitised loans.