Assuming #bitcoin takes over...

Without credit markets, there is no decision for entrepreneurs to make between profit or interest (on loaned capital). With an expanding population and market, simply holding bitcoin for its appreciation over time likely replaces the interest option.

But if lowering interest rates don't provide a signal that people are deferring consumption (and therefore it's time to invest), where might entrepreneurs look for this important information? I suppose some kind of weighted velocity of transactions might be informative.

Then again, with multi-sig options I suppose there is no reason we couldn't have credit markets.

Who else is talking about this kind of thing?