There's An Electronic Currency That Could Save The Economy — And It's Not Bitcoin

Banjo

Banjo

Right now, your $100 bill is equal to the $100 in the bank. If you're bank account has a 5% interest rate, you earn $5 of interest in a year and that $100 bill is still worth $100. But what would happen if that interest were -5%? Then you would lose $5 over the course of the year. Knowing this, you would rationally withdraw the $100 ahead of time and keep it out of the bank. This is where the separate currencies come in.

Read more: http://www.businessinsider.com/electronic-currency-2013-11#ixzz2lKPxOPNE
 
No chance to scam, no chance to corruption, no chance to stash blackmoney, no chance of degroeth and no chance of disturbing macro and micro economic factors. The country could flourish to whatever extent it can......
 
US dollar loses its status as a legitimate currency overnight. Gold goes to infinity.

The people who think of this crap have no clue.
 
You must log in or register to reply here.
Back
Top