Isn't stuff like Amazon Coins serving to effectively increase monetary inflation? I mean, if I have $1000 of Amazon coins, and I give $1000 to Amazon for those coins, then suddenly, there's $2000 of purchasing power. I can purchase things from Amazon, and they can purchase things from whoever.
It's a strange form of debt I guess. I let Amazon take out an interest-free loan from me with the promise to repay me in goods of equivalent value whenever I like.
Yep and it is quite a bit like how a bank works, sans 'interest' paid on deposits.
I'm waiting for the fireworks when the banksters start defending their turf from likes of Amazon, Google, Apple and Facebook for when they try to become banks, issuing their own monies, holding deposits and etc... it's gonna be great showdown! and the polictico whores will be prostrating themselves this way and that, changing the rules, switching sides, should be a good sh1t fight ... hopefully they'll all be distracted enough with their monetary power struggles that bitcoin will stay in the "Too Hard" basket ... and we can get on with gobbling up market share.
Bitcoin has opened up pandora's box and there is no closing it now, a period of massive monetary confusion is now upon us, opportunity and danger abounds.
Monetary Freedom is a most basic of human rights.
