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Bitcoin Discussion
Re: Bitcoin makes banks unnecessary
by
doof
on
12/05/2015, 04:10:09 UTC
Quote from: elizabethcrypto on May 11, 2015, 04:49:14 PM
Bitcoin cannot provide loans.
Lets say all ~21million the BTC have been mined by Bob.
Alice wants to purchase a house for 21million BTC.
Bob lends the 21million BTC at 5% PA for 25years.
How is the interest paid?