@Spacebull - The Basis Of A Healthy Civilisation is A Savings Account. #bitcoin Fixes This. - #318
Once Bitten! A Bitcoin Podcast.
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How Did You Discover Bitcoin?
I wanted to build a automatic savings program that could kind of plug into your debit card or your credit card spending habits. It was sort of like a self tax. And you could tax your financial behavior based on kind of how you wanted to incentivize your behavior. So I guess the example I use is if you wanted to buy cigarettes, there would be a 50% tax on top of the price. And if you were buying groceries, there would only be a 5% tax and you could kind of set all these levels for yourself. And then the idea being that you just kind of live your life normally. 100%.
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Transcript
