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Cosmic Bitcoin - The Bitcoin Reformation w/ Tuur Demeester

Bitcoin Magazine Podcast

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Bitcoin and Reserve Banking: A Win-Win Situation

I believe there's going to be credit in a Bitcoin world. People can use it for a certain period of time, and then they pay you back with interest. And what they get in return is they don't have to save up for whatever two or five or 10 years to get that same sum. Like farmers in the middle ages who would borrow,. oftentimes they had a contract where they, let's say, ten gilders or something like that Or 50 gilders. Because they needed to repair their house or wanted to expandor something like that. That was just written like that in the contract. So whoever lends it out might be willing to receive interest payments in different forms

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