Bitcoin Forum
July 17, 2019, 05:47:18 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: What would happen if all fiat printing stopped? 100 years ago? Today?  (Read 1385 times)
twiifm
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
April 03, 2015, 06:17:42 AM
 #21


But banks don't like this, if no one is borrowing from banks, how could they make a live? If there is no new money creation, the banks will die


If banks die the economy will die with them.  Banking and finance is integral to free trade.  

Banks works exactly like centralized bitcoin exchanges, they store customer money and play until they go broke, and ask for bailout by tax payer (unfortunately they can not claim to be hacked like a bitcoin exchange). Centralized bitcoin exchanges are not necessary, we have OTC market and localbitcoins, you can do person to person trade

In old time, a major reason that banks are needed is security, people need bank's vault to provide some protection for their saved money

https://bitcointalk.org/index.php?topic=1010511.0

"Banks are not just unnecessary... they are harmful"  Grin


Hahaha you have no clue about banks or finance. 
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!