0 sats \ 4 replies \ @BubeniCZECH OP 20 Feb 2023 \ parent \ on: Firefish - Bitcoin-backed loans bitcoin
Sorry, but money was borrowed even when people paid in gold. The loan market is not dependent on fiat and has nothing to do with Keynes.
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0 sats \ 3 replies \ @DarthCoin 20 Feb 2023
oh another one that didn't studied well... Let's talk in 5 years again.
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0 sats \ 2 replies \ @BubeniCZECH OP 20 Feb 2023
The creation of savings and their subsequent investment is a natural behaviour of economic actors. If there were no loans, people with good ideas would not have access to the capital to implement them. There is nothing wrong with borrowing as long as it is preceded by savings and interest is a free-market conflict between supply and demand.
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2 sats \ 1 reply \ @DarthCoin 20 Feb 2023
Can you force me to borrow from you? Debt = slavery Simple as that.
Don't consume more than you can produce. Life is much simple than you think, with or without lending.
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0 sats \ 0 replies \ @BubeniCZECH OP 20 Feb 2023
Because nobody can force you, it's not slavery. It's a voluntary transaaction, a trade. A loan is a service like any other. That's why it has a price. If you think hard money will kill the loan market, you're wrong.
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