Credit is and will remain crucial to our economy, but it always implies the possibility of default. Counterparty risk is an unavoidable part of credit, and makes it a less secure basis for a monetary system than a well-implemented and trust-minimized cryptocurrency.https://twitter.com/izakaminska/status/950820062927212545 …
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Term ‘safety of monetary system’ will have different meaning once savers and pensioners are wiped out. Meaning of the term actually was different few generations ago. That knowledge is mostly forgotten now. About time to re-learn the lesson.
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