What would bitcoin solve?
Another stupid article with no substance and another piece of the never-ending madness, bitcoin will do everything perfectly!
From the original article:
The title:
Over 170 CBI teams conduct nationwide crackdown on bank defaulters, raid 169 places
Bank officials also remain under scanner for lending unsecured loans eventually training into NPAs.
Please let me know how will bitcoin solve this problem?
This is not about fiat money, not about inflation, is about lending money to people getting loans and not paying back.
Isn't this already happening with bitcoin? Check the scam section, it's full of loan defaulters!
Want me to fill 20 pages with usernames that defaulted on the few remaining no collateral offers here?
it won't be surprising if in a year or two we see India ahead of the rest of the world in bitcoin adoption and usage!
How about we have a bet on this?