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10 sats \ 18 replies \ @Lux 7 Dec \ parent \ on: A World Without Money bitcoin
Darth this is not a L2 or payment network or to be used to pay for living costs.
It's for merchants to facilitate investments and trade.
It's a trap.
@remindme in 5 years
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Could be, we'll see.
I need to see the details and how it works in practice.
Could be useful to start a business and so on.
There's gonna be lending with Bitcoin, like with all the monies in the past.
At least we should try to make it as trustless as possible.
And not repeat the mistakes.
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There's gonna be lending with Bitcoin
I prefer to die of hunger but not creating more debt anymore.
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I will never accept BitCredits for payment.
Promise you that
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The thing is that they only want to create more debt, but now in a brilliant sneaky way, fooling easily people. But not Darth.
Darth bullshit-meter is at high levels with this Bitcredit shit.
Just ask a simple question: why in the whole debate / discussion / documentation of Bitcredit, they do not say a word about eliminating the fiat?
Not a single time. The whole narrative is based on the BTC price in fiat.
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It says in the first Chapter that this is required to remove fiat, showing the Greek example. Care to read before inventing rubbish?
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Indeed it is not. That's why the chapter is titled "A world without money".
I would like to add: a commodity is also not money.
A goat is a goat is a goat.
Same for shells, fish, grain, salt, gold, and bitcoin.