Will P2P lending in cryptocurrency replace centralbanks?

in #cryptocurrency7 years ago (edited)

P2P lending seems to be a growing concept. Anyone with a smartphone can make banking transactions today. This can be done as easily as using SWISH to transfer money between phonenumbers. The transfer is instantenous. This concept involves traditional banking.

However, with BCT (blockchain technology) the landscape has changed.

  1. BCT is anonymous.
  2. It is outside the banking system.
  3. It is DEBT FREE, thus an ASSET. It can increase in value.
  4. There is NO counterparty risk! Your CC (Cryptocurrency) is yours, and your only.

The third point is most important since the entire fiat (paper) system is based on debt and thus forces you into bondage for just using it.

THE FIAT MONEY SYSTEM IS DESIGNED TO STEAL YOUR WEALTH.

Not many know this, for me, obvious truth. I used to work in banking for a living. I have studied money for most of my entire life.

Not many have.

What is your view? Do you like the current system or do you wish to change it? And how?

Please comment in the section below.

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