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, 19:46:06 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.?"

You have constructed scenarios in which it is impossible to pay the interest. My point is that those scenarios don't represent anything real. They do not exist in the real world. Your scenarios are moot.

miscreant and ignorant, it's called rehypothecation, to infinity, they will pretend to have create more "fake papers" and tell you that you can pay them with a new loan, or a long term duration, anyway... enslavers of Mankind always perish, like the Men of past "fake" Pharaoh.  ONLY GOD IS THE GREATEST. THERE IS NO GOD BUT GOD.

please I think that we should all stop to feed the fed trolls, they have fucked enough in this world for us not waste more time, let's trade btc, let's improve liquidity, let's improve the ecosystem, let them die in their irrelevance.