Post
Topic
Board Beginners & Help
Re: Hi! BitCoin Fully Decentralized Hard Asset Backed Bank!
by
gweedo
on 05/04/2013, 04:02:07 UTC


... and you can Earn INTEREST!

I am curious; how do you pay interest without engaging in fractional reserve lending or otherwise debasing the currency through the money multiplier effect? Doesn't this undermine Bitcoin's raison d'etre?

Not at all - ITS PART OF IT'S GREATNESS!

I suppose that I should point out - as we have touched on mining - that this forms part of our Returns Structure; Afterall - When we mine coins it's a little bonus for all of us! (But that's just one very small part - but it is a very real part of the system that allows us to provide interest payments!)

Thanks for your question!

So why you need donations if your mining? You only need 7.407BTC for $10,000