Post
Topic
Board Economics
Re: I just created 100 pennies.. and loaned them out, you owe me 101 pennies…..
by
BitMos
on 21/02/2015, 16:44:16 UTC
I just created 100 pennies and I loaned them out to you + interest… How is it possible for you to pay me the 101 pennies you now legally owe me if only 100 pennies are in circulation?

Nice argument against non-inflationary currencies, which Bitcoin is hoping to become.
Let's try your problem, starting with this "sound money":
You have all of the gold in the world, and lend it to me @ .1% yearly interest.
"How is it possible for you me to pay me you etc., etc.?"


head shot, monster kill, godlike Cheesy. what's funny is those with phd in eco101 in the west don't get it. lol, but they get state dollars and they can fuck your daughters against her grad. they can't trade however, never have, never will.

Steal it from someone else. Its a zero sum game (scam) where someone always loses.

wanna play negative sum game? I hope your "kinethy" is better than mine.