And the biggest positive change in fiat world would be to simply get rid of the possibility to borrow your money to other people, I guess ?
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And the biggest positive change in fiat world would be to simply get rid of the possibility to borrow your money to other people, I guess ?
But that’s different, though. You still need to pay back any money you borrow. So it’s a risk.
There’s no risk involved in delegation. No accountability.
The problem with the fiat is that the lender, that is, the banks, is not lending their own money, but gives the borrower the possibility to demand goods and services from a third party, and then charge interest.