The end of fiat, credit, capitalism and snowball theory.

If your want to loan some fiat from a bank, you gotta prove a good credit, by proving a good reserve. The more you loan, the more credit you get, and the more leveraged you could be.

But why would one loan money at first place, if they already have enough to spend?

And why would one spend more than what's in their pocket and capability to earn?

These questions were from my dad a peasant from shadow of feudalism.

And then i met bitcoiners who are also asking the questions.

Find something in a circle? 🔄