Bitcoin Before and After: The World Economy
A function economy is built on people who defer some of their consumption as savings. Those savings are lent to productive businesses who create wealth and grow the economy for everyone. However in a world of unbacked fiat currency inflation, purchasing power erodes, real income declines and the incentive to save money is gone.
In this video I talk through some new models I created that were inspired by a segment on Renegade Inc featuring Alastair McCleod.
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