Bitcoin and the lost art of commercial banking

Florentine bank: gold coin deposit vs IOUs

Introduction

The Lost art of commercial banking

“represented the peak of development for Western civilization in monetary matters. It facilitated commerce and made possible long-term accounting records that were meaningful rather than fictitious. Not only commerce between nations but also the great increase of useful capital was encouraged by the growth of savings institutions, life insurance, and pension funds”.

The opportunity for emerging economies: a bitcoin centered commercial banking system

A framework to jump start crypto investments and attract crypto capital and human talents

The bitcoin reset

“While the US does not gain wealth by investing in means of production but in financial ways, China gains wealth the old-fashioned way, by producing it. And whether you call this, industrial capitalism or a state capitalism or a state socialism or Marxism, it basically follows the same logic of real economics, the real economy, not the financial overhead. So, you have China operating as a real economy, increasing its production, becoming the workshop of the world as England used to be…”

Conclusion

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Andrea Bianconi

Andrea Bianconi

a lawyer , consultant , writer - SUPPORT MY FREE & INDEPENDENT WORK BY DONATING AT www.bianconiandrea.com;

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