Replying to Avatar victor

> removing the need for that debt

Where there are people with money, there are lenders.

Where there are people without money, there are borrowers.

Interest accumulates, and the borrower becomes a slave to the lender.

The type of currency does not change this. It is fundamental to human nature.
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₿logging₿itcoin 2y ago

*The rich rule over the poor. The borrower is slave to the lender”

-- Proverbs 22:7

Dave Ramsey often quotes this verse. It's one of my favorite quotes, but Ramsey does not understand that USD cash is also debt.

A savings account is not saving.

You're better off making monthly payments on an interest free credit card than saving up to buy things using a savings account. You'll spend less due to inflation and you will earn more by using credit cards than you ever would in a savings account.

The money printer rules over the poor.

The holder of dollars is slave to the lender.

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victor 2y ago

Yes, it's true for dollars, but even in the "utopia" where everyone sees the light and uses their lord and savior Bitcoin (at least, that seems to be the attitude around here), there will be lenders and borrowers of Bitcoin, with the same old antics surrounding it.