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0 sats \ 3 replies \ @Aardvark 17 Feb \ on: R/Bitcoin What if Bitcoin wins? AskSN
If bitcoin wins and there is no more fiat, then people would invest their bitcoin into projects.
On a bitcoin standard, bitcoin will become incredibly stable. It will still gain value over time, as it is a deflationaey currency, but nowhere near the rate it does now. Therfore, you'd want to invest your bitcoin into projects that yeild a higher return, also in bitcoin.
Any excess wealth people will be able to work on more community projects or businesses would this be a world of no debt? I guess not people will still borrow I guess but borrow Bitcoin? And have to repay it interest would be high due to the quality of Bitcoin?
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The interest would be based on the risk of the investment that the lender was taking. It would probably be higher than it is today, because defaulting on a loan is a much lower risk for lenders currently in fiat than it would be in bitcoin.
Side note: I'm announcing a bounty program later today. On fridays I'll be asking what people have done to promote SN this week, and this post will be admissible even though you made it before I formally announced the bounty program.
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Nice I have been doing this every week or so sharing a post like this one. Just hope the stackers show the knowledge in the comments so that if any R users do click the link they get bulk value
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