#BTC #sol #Launchpool Reflections from the Ark: The game of money⚡
Let's imagine a scenario in which the only Bank in the World only has 100 gold coins, which is the existing amount.
Now let's imagine that there are only ten people in the World, in addition to the Bank, who need 10 coins to buy goods and services, and the Bank offers us its 100 gold coins to circulate, in exchange for 10% interest.
The resulting formula is that each person will have to return 11 coins in the duration of the loan, right? If at the end of the loan there are 110 coins from the 10 people, it means that there are 10 coins in interest in total that will never be able to be paid, no matter what happens.
But here comes the Bank's "solution" for its client: return only one of the 10 coins that have been lent, that is, the interest, and the following year they will return the entire amount to me.
However, if 10 people access this "solution", they will owe the Bank the initial loan having only 9 coins, having the same debt and with less money.
If we repeat this operation for 10 years, we can see that the Bank has recovered its 100 gold coins, and the 10 creditors will continue to owe the same debt, with the difference that they will never be able to return gold coins that are no longer in their possession. power, with which they do not exist.
Perhaps now it is easier to understand what the true purpose of
#Bitcoin is and what its technology has revealed to us.
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