3 ms·
Bitcoin is like money, I mean real money, so there is nothing new and better with it. The problem with money is how the bankers corrupted it for their own profi
by chmike 14y ago
Bitcoin is like money, I mean real money, so there is nothing new and better with it. The problem with money is how the bankers corrupted it for their own profit. Banks created virtual money with credits and this speculation bubble is now exploding. Some countries try to stop it by creating more depths.
There is currently nothing that could stop anyone to provide bitcoin credits and make paper money for bitcoins. This is the mistake that should be avoided. If bitcoin really takes off, than this will be the real challenge we will be facing.
It's the paper money that ruined the system where states could print them at will. They decided to stop printing money to stop inflation, but then banks created money through credits and turned people, cities and countries to slaves. Worse than all, it's now the bankers who define the rules, not the countries. So they bent it to their own adventage. They are so greedy and selfish that they didn't care if it created a bubble that will explode soon or later. Bailing out banks is the most stupid thing we could do in such situation. We're just on for another tour on the carrousel.
This can all be reproduced with bitcoin.