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Business is driven by investment and investment is driven by savings, and a falling dollar hurts savers.
by nateabele 14y ago
Business is driven by investment and investment is driven by savings, and a falling dollar hurts savers.
- Nursie 14y agoInvestment by the current banking industry may well be driven/enabled in part by the deposits they have on the books. Keeping BTC in a wallet is very much more like just stuffing dollars in a shoebox, the money is dead and removed from the system. It's not driving anything.
- nateabele 14y ago> Investment by the current banking industry may well be driven/enabled in part by the deposits they have on the books. No, banking hasn't worked this way for a long, long time.
- Nursie 14y agoThen you agree that savings (especially BTC savings, which are effectively dead cash) are irrelevant to investment. Awesome.