BlokchainB

Having available lines of credit was very helpful to me (perhaps ironically given the question haha).

Okay, yeah, just being able to create money out of thin air is definitely problematic and leads to all kinds of problems. I think the high interest rates for Bitcoin backed loans is just what the market rate is. At least for Strike, I 

 they're creating money...they're going out into the market to get fiat funds for the other side of the loan.

I'm Rollo McFloogle - Catholic, Bitcoiner, #GetOnZero Pioneer, Podcaster - AMA

rollomcfloogle

Having available lines of credit was very helpful to me (perhaps ironically given the question haha).

Okay, yeah, just being able to create money out of thin air is definitely problematic and leads to all kinds of problems. I think the high interest rates for Bitcoin backed loans is just what the market rate is. At least for Strike, I *don't think* they're creating money...they're going out into the market to get fiat funds for the other side of the loan.

I just briefly skimmed this now, but [here's the Catholic perspective on usury](https://www.catholic.com/magazine/print-edition/the-red-herring-of-usury) (it's kind of a confusing topic).