What a strange question you say. Why would I lend my car to you? Do you even have a driver’s license? What if you crash it?
OK, I say, but can I borrow your cryptocurrencies? If I am not allowed to borrow your car, I will have to get a car in another way. You get a reasonable interest rate. I may have to obtain a driver too.
Of course, I assume you have cryptocurrency.
This strange reasoning could lead to several things.
1- I borrow cryptocurrency.
2- The lender receives high interest rates.
3- Car salesman makes a profit.
4- A driver gets a job.
5- I tell others how I managed to get a car.
6- Others do the same thing and so on.
How can I pay high interest you ask?
Well, I am a member of a company called Compumatrix.
I can use their platform to build my assets in cryptocurrency. The more I work, the more I earn, and everyone who wants to can do the same as me.
But, you say, what does the bank say if you buy a car with cryptocurrency? Won’t they seize the car, and you stand there with your washed neck?
No – you say – the bank has nothing to do with the deal because the car salesman is one of the wise companies that accept payment in cryptocurrency.
All transactions take place openly on a blockchain, and no “fiat” currency is involved. No third party can prevent the transaction.
We know that this change in the economy market is coming and it is important to be prepared. The banks are already getting rid of staff, leaving their large bank premises.
It may take a long time, or it may go faster than we think.
Many banks advertise their services online, and rumor has it that some banks are trying to create their own cryptocurrency.
Are there any disadvantages to all buying and selling activities being done peer to peer via a blockchain? Many older people do not have access to computers, and many people find it difficult to acquire new technology. How can we help them in a cash-free economy?
I hope there will be credit/debit cards where you can deposit cryptocurrency on their behalf. I intend to visit many nursing homes when it becomes possible again. Then I can educate both the staff and the residents about the possibility of such cards.
Many people do not believe that Compumatrix will succeed with so many different laws and regulations in different countries. But Compumatrix and its founders have shown the ability to adapt to necessary changes and are today stronger than ever.
We are many who are grateful for a man with a dream (Henry James), for our CEO David, for our COO Erline and our VP Gail! Thank you for all the help to us members and blogs that make us understand what it is we have!
So, may I borrow your car? 😊