Post
Topic
Board Bitcoin Discussion
Re: Can you answer a couple of questions to a potential bitcoin buyer?
by
franky1
on 06/02/2022, 15:41:53 UTC
Irrelevant. All dollars come on the market by borrowers collecting goods, services and labour from people and all dollars are withdrawn from the market by borrowers returning these things to people. It all functions only because the banks force borrowers to repay their loans. In other words, the banks protect people. Your rants are irrelevant in that regard.

bitcoin comes on the market due to its mining cost. where no one wants to mine at a loss and so no one tries selling at a loss
the acquirer than has his acquisition costs and he too does not want to make a loss

bank loans have NO upfront cost. banks literally print the money out of no where.
banks then ask for it back plus X% extra, where they use the x% extra to cover the banks costs

a loan being made has no contract with anyone else but the borrower and the bank
a borrower does not owe anything to the general population. all he owes is the bank

the funds of the loan are not general population funds redistibuted