Bitcoin and the end of collectivism
Trend: collectivism
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
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