Post
Topic
Board Economics
Re: Krugman makes some good points
by
johnyj
on 24/03/2013, 03:03:31 UTC

Borrow 1 BTC, and pay back 1.1BTC can work over any time.


Where is that 0.1 BTC coming from?

In the fiat world, the way to make this happen is issue more and more money to pay back the previous interest, but in bitcoin world, the total number of money supply is fixed, paying back more than you borrowed simply means that interest must come from someone else's pocket  Wink