I think you mean whoever BORROWS bitcoins and doesn't tie repayment to a "normal" currency is just asking for trouble. This guy owes some serious money to some serious people using a currency that is exploding in value (at least until a few hours ago) at a fairly large interest rate.

If i were him I'd either get out of debt as soon as possible, or get out of town as soon as possible. I personally know one of the people he borrowed from, and they don't fuck around. They intentionally loaned bitcoin while the price was low, expecting people to default. Assuming that the value of bitcoin would go way up later.


a 25$ loan with interest is now a 2500$ loan with interest.