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RE: SAT Math Question (10) - The Interest Equation
Thanks @hansenator! Do you have a formula for the negative interest rates that some of the banks are now contemplating because of their bad fiscal policy? So far my investments in crypto have far outstripped any interest the banks would give...
Too bad we can't predict returns on bitcoin very well, but I'm convinced that one of these blockchain based currencies is going to cause infrastructure inversion to the banking systems of the world.
I agree with you on that zoidsoft! The negative interest rates would use the same equation, just plug in the negative rate. Crypto is going to dominate. I think the world is going to go for a 1 world currency... We found it!
Well I just hope we are able to maintain control of our PII. With Equifax and other types of centralized data collection it will lead to panopticon and endless hacks. Smarter for a one world currency would be to decentralize PII the way bitcoin does, but I worry that FedCoin might try to be a replacement. It's a good thing bitcoin code is in the wild which will force central authority to shut down the internet and commit banking suicide.
Definitely a new world with new problems... For sure! We will see how it evolves. Hopefully well! Haha. I'm vested.