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Author Topic: An Argument Against The IBB  (Read 1829 times)
montgolfier
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April 30, 2012, 07:55:08 AM
Last edit: April 30, 2012, 08:34:17 PM by montgolfier
 #21

ahh ok. Well yes if you have a secure way of generating income by other means, a genuine 'interest free loan' is very attractive indeed. You are probably aware of loan 'default' percentages but for more of an idea:

http://www.thehardmoneypros.com/Top25_Largest_Banks_Defaulted_Loans.shtm

20%ish seems like the average, thats a lot of bitcoin to offset by other means



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April 30, 2012, 08:31:58 PM
 #22

so you concede then , thank you  Smiley

many are losing their money in lending section , last 5 months no loan defaults
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April 30, 2012, 08:37:12 PM
 #23

If you change the name of a thing, the thing doesn't change.

Calling interest "rental charge" or whatelse doesn't make the fact that it is still interest change.

Sure, maybe god is happier if you don't call it interest but it's the same

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