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Author Topic: For first time in 170 years, UK parliament to debate how their money is created  (Read 760 times)
NeuroticFish (OP)
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November 20, 2014, 09:54:03 AM
 #1

It's gonna happen today and it may be interesting.
....society starts understanding for real that banks are just evil and rather useless?

Quote
determining whether it makes sound economic sense to continue to allow commercial banks the right to create most of the money circulating in the UK economy "out of thin air" when issuing interest bearing loans or mortgages to their clients

http://www.democraticunderground.com/10025840864


PS. Sorry if it was already posted, I didn't find it.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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November 20, 2014, 09:55:01 AM
 #2

holy shit, they're actually debating it? This is real news because most politicians refuse to even talk about it, better to deliberately keep the peasantry ignorant of the inner workings of money.
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