bitcoin and the end of collectivism
TRANSCRIPT
Bitcoin and the end of collectivism
Trend: collectivism
Trend: collectivism
Trend: collectivism
Bitcoin
Bitcoin
• Mobile• Open source• Decentralized network• Cryptographically secured• Toddler phase– Niche industries– Primitive stock & loan markets
Bitcoin credit market
The real bill / bill of exchange
The real bill / bill of exchange
• “Sale on credit with order to pay in xx days”• For consumer goods in high demand• Extinguishable debt• Bottom up, consumer driven• Contracts can be tradeable
Advantages
• Fraud is more difficult, because investments serve directly to purchase lower order goods from the producer
• Not inflationary• Helps solve volatility problem• Tradeable contracts• General interest rates are replaced by case by
case, dynamical discounts