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LTD: This is Bad News... | 23 comments (23 topical, 0 editorial, 0 hidden)
ok (none / 0)
8000 BC or bust.
by HiD on Sun Jul 13th, 2008 at 08:20:50 AM EST
[ Parent ]
Re: ok (none / 1)
Sorry, HiD, but you are the one stuck in the past.

Credit intermediation is obsolete.

Credit or "time to pay" is needed to create productive assets: and investment is then possible in the productive assets created.

But in a "Peer to Peer" world, credit middlemen are not needed for either purpose.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Jul 13th, 2008 at 09:21:50 AM EST
[ Parent ]

LTD: This is Bad News... | 23 comments (23 topical, 0 editorial, 0 hidden)
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