Would you be a fan of Token that is 1:1 Backed (and Redeemable for) BTC via Smart Contact, with high scalability for grocery store payments? Retains all of the deflationary properties of BTC, allows instant transfer between that Token and BTC (for SoV), & allows instant payments
People would likely save a bit more and borrow a bit less. Instead of immediately going into credit card debt and being debt-slaves, people would have to generally earn before spending.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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>People would likely save a bit more and borrow a bit less. How much more $ (percentage) do you estimate people will save? How much less $ (percentage) do you estimate people will borrow? How much less $ (percentage) do you estimate people will spend?
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I can only speak on the direction of the move with relative confidence. Hard to predict absolute values with accuracy.pic.twitter.com/pkMCV1HY9c
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That's great Info, thanks. I wonder if the values of that graph are caused by 'advertising dollars spent' during the same time period. Or maybe they are somehow related to 'Interest Rates' during that time period. Lots of variables could be driving that dropoff in 'savings'.pic.twitter.com/Lu3MUE9JEH
End of conversation
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(or a pegged sidechain)