bitcoinmasteroid on Nostr: In the near future, it will work in such a way that #bitcoin will be collateral ...
In the near future, it will work in such a way that #bitcoin will be collateral against which you can borrow cash, e.g. for housing. You will pay interest, which will cover the bank's costs, but at the same time the pledged collateral will not lose value in time, so you and the bank will be neutral.
The difference this time will be that the bank won't print money out of thin air and thus cause inflation and a debt spiral, because the banks and governments themselves will have a reserve in bitcoin from their income, nicely backed up and visible to everyone on the blockchain. At the same time, real estate prices will remain stable and not rise to the point where people have nowhere to live...
Because only the same generation printing money out of thin air could think of turning a roof over their head into an investment, wtf.
Instead of another useless real estate, people will rather save in bitcoin, which is best for storing value/energy over time for generations to come, so that children don't have to start from scratch.
Does it make sense?
Somewhat more extreme option is bitcoin only and direct fiat total but total dead. But probably better option is some temporarily hybrid.
The difference this time will be that the bank won't print money out of thin air and thus cause inflation and a debt spiral, because the banks and governments themselves will have a reserve in bitcoin from their income, nicely backed up and visible to everyone on the blockchain. At the same time, real estate prices will remain stable and not rise to the point where people have nowhere to live...
Because only the same generation printing money out of thin air could think of turning a roof over their head into an investment, wtf.
Instead of another useless real estate, people will rather save in bitcoin, which is best for storing value/energy over time for generations to come, so that children don't have to start from scratch.
Does it make sense?
Somewhat more extreme option is bitcoin only and direct fiat total but total dead. But probably better option is some temporarily hybrid.