BitShares Forum
Main => General Discussion => Topic started by: BunkerChainLabs-DataSecurityNode on December 09, 2015, 06:23:42 am
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All over the news today in Canada was talk of the Bank of Canada's possibility of going to a negative interest rate of -0.5%.
Switzerland, Sweden, Denmark and the European Central Bank all have dipped into this negative interest stuff not to long ago.
They are only saying it's a possibility, not saying they are doing it.
Still.. Canary in the coal mine?
Would you endorse seeing this in Bitshares?
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All over the news today in Canada was talk of the Bank of Canada's possibility of going to a negative interest rate of -0.5%.
Switzerland, Sweden, Denmark and the European Central Bank all have dipped into this negative interest stuff not to long ago.
They are only saying it's a possibility, not saying they are doing it.
Still.. Canary in the coal mine?
Would you endorse seeing this in Bitshares?
What do you mean?
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Once negative interest rates start making their way to savings accounts in major economies more people will start hoarding cash, gold and going into crypto-currencies.
This is a another good reason to invest heavily in BItcoin/basket of the top crypto-currencies. (LTC, DGC, DASH, PPC)
If BTS can address liquidity issues BitUSD and BitGold will look very favourable too, especially with a bond market/old model where you could earn some interest on them. (Especially if cash & gold start being targeted more too.)
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I would not endorse negative interest rates in bitshares. I think a very large segment of the population would have major issues with negative interest rates.
Getting our value out of the clutches of the bail ins is a motivating factor for many of us.
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What does this negative interest mean? Where it is going to be applied.
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I really don't know what you mean. Negative interest rates is madness. It destroys capital. You can't have capitalism without capital. You can't have capital without savings. Savers should be rewarded for under consuming.
I'm out of the USD because it's being devalued. Bitshares used to offer me interest on gold and silver, where else could I get that? Bitshares should focus of attracting savers because everything depends on savers and saving is a virtue.