Bitcoin and the end of collectivism

Trend: collectivism

Trend: collectivism

Trend: collectivism

Bitcoin

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

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

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