8 ms·

So it is transferring value just somewhat different?

• garydevenay 4y ago
  Not exactly. Credit creation creates an asset and a liability. The creation of credit facilitates the ability to create liabilities in excess of the underlying asset (e.g fractional reserve banking). By introducing the ability to transfer a scarce asset globally you resolve the requirement for credit, as no one ever needs to redeem. Credit is a hack, Bitcoin is the fix.
  • Kbelicius 4y ago
    That still sounds like you are transferring value just in different ways.