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I had lived through the internet bubble in 2000 to 2001 when everybody talked about how the internet would change everything and that it was the dawn of an entirely new economy, a New Economy in capital letters, where the old rules were meaningless and the sky was the limit. Prices of internet company shares seemed to know only one direction: up. Media and markets were in a frenzy, every new stock with a ‘.com’ appended sold like hot bread rolls. But all parties must end, and the dot-com bubble ultimately did burst with losses reaching hundreds of billions of dollars. Millions of investors lost their money and many faced financial ruin.
I lived through the crashes of 98 and 2000 and made tons of money using both options and shorts on .com companies. I made the most on the crashing Cisco prices.
You can borrow and lend BTC as banksters do without f*cking up the interest rate by two simple methods: 1. No reserve ratio, if you have one you can lend one — you cannot lend out what you do not have! 2. Use the pure time preferences of the owners of the BTC. If they say the interest rate for a year is 50% that is what you have to give them, or not borrow. This will equilibrate the supply and demand of the BTC to borrow and lend.