Eamonn O Brien
Lets say a small community uses a certain coin. A man needs x amount to build a house and the builder wants to be paid in said coin.
So he needs a loan. He goes online and finds someone with quite alot of coins so he asks for a loan. Whats stopping the lender applying interest just like a current bank would?
See I'm finding it hard to realise the difference between what is in place now regarding banks and how it will work online...
If people made the change tomorrow from Euros to Dogecoin, some people will have lots and others will have none and nothing of value to offer in order to obtain some...
It'll take alot more thought for me to grasp it... In the meantime, here's Mr. Conway Twitty...
http://www.youtube.com/watch?v=d2aeRg_yMSE