Why Is CredonCentral Better Than The Current Banking System.wmv
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Uploader Comments (planetofelites)
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This video is a response to Corrupt Banking System 01/05
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All Comments (5)
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@planetofelites You don't pay back bitcoins because you are not loaning them. you are earning them. 'mining bitcoins' takes time and energy.
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I think Bitcoin is better than CredonCentral because Bitcoin actually exists.
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Now if you think that when you suffer a mighty blow to the point that you are hanging for dear life, it would be far from sound decision making to count on BTC mining to pay for your medical care and a way to put back together what you have lost and leave you with something to work with to be able to pay back potential interest rates of up to 10,000% with the BTC system in place!!!
planetofelites 9 months ago
If we have to compare bitcoins with credoncentral, then I will tell you that traditionally we have paid into some sort of a social insurance administration through religious or governmental institutions. This has been due to the fact that we all know that what we have with great care and toil amassed can within the blink of an eye disappear due to accidents, natural disasters or illnesses; and that will be the time that we will look for the proverbial hand of God to pull us out of our mess.
planetofelites 9 months ago
i am trying bitcoin myself. There is a lot of dark areas about it that needs to be discovered and discussed. If there is any money generation that you can spend without having to repay to the system that is a big flaw right there and the fact that the funds are not spent under career consultation for maximum productivity that will be inflationary. Good luck with bitcoin!
planetofelites 9 months ago