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The fractional reserve system is what creates the money. In that system debt = money. Without loans, the money is never created. Which is all well and good, but usury is legal, and is added to the loan. Since the money to pay the interest doesn't exist, someone needs to lose everything in order...

No. I understand the reluctance to "trust" a different currency than the one that has been used for generations here. What I'm saying is that I completely distrust our existing system, which is designed from the ground up for manipulation by the banking cartels and the government (which is run...

Well, let's look at who controls the currency we are currently using. Banks, governments, and the global elite. I trust the bum under the bridge more than them. By having a set amount in the world, no more or less, you can't manipulate it with fractional reserve banking. You can't inflate or...

Money is the idea that something that does not exist, or is represented by a piece of paper, is worth so much that people do risky jobs, give you time with their family, and sell their body. The difference is the dollar is manipulated, bitcoin isn't.

They aren't stored on your computer only, there's something like it has a running tab, which is continuously sent to everyone in the whole system at once, basically making every computer in the system have a ledger of it.... Or something like that, it is wayyyyyyyyyy over my head as well. I...

It's an absolutely brilliant idea, and is seriously revolutionary. Fractional reserve banking has been disastrous for mankind, and the idea of continuous exponential growth of everything is completely unsustainable. There's a story of a small town of farmers, who each had 10 dollars, and made...

It was never reallllllllllyyyyyyyy designed for that. From what I understand they did it as an experiment kinda, they thought it would be a cool thing for some nerds to trade for stuff. But then it got discovered that it was untraceable, so nerdy and effin brilliant drug dealers used it on the...

I know that bitcoin is an electronic fiat currency, with a set amount in the world, so it is never added to. Inflation is impossible because there is never any more of it. From what I remember it was developed kinda by pet project, almost an experiment of sorts. In its code, it's impossible to...