Idk what you mean by "interest doesn't exist as money."
If someone can grant you access to a car or a house or a tractor & charge you for the time that you have access to any of those things, why can't someone grant you access to money to buy any of the above & charge you for the time you have access to their money? Who is going to stop this from happening?
I do think there will be much less money lending & more lending of physical capital, like cars & tractors, because the value of saving & reducing upfront costs is higher under a Bitcoin standard. And the risk of loaning a bearer asset form of money is probably higher than loaning a vehicle which can be tracked & disabled & more easily retrieved by force. But lending is not inherently evil or destructive. It is just risky & prone to corruption.
Jeff Swann
npub1aj…ftppj
2023-10-11 01:52:19
in reply to nevent1q…w4rs
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2023-10-11 01:52:19Event JSON
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"content": "Idk what you mean by \"interest doesn't exist as money.\"\n\nIf someone can grant you access to a car or a house or a tractor \u0026 charge you for the time that you have access to any of those things, why can't someone grant you access to money to buy any of the above \u0026 charge you for the time you have access to their money? Who is going to stop this from happening?\n\nI do think there will be much less money lending \u0026 more lending of physical capital, like cars \u0026 tractors, because the value of saving \u0026 reducing upfront costs is higher under a Bitcoin standard. And the risk of loaning a bearer asset form of money is probably higher than loaning a vehicle which can be tracked \u0026 disabled \u0026 more easily retrieved by force. But lending is not inherently evil or destructive. It is just risky \u0026 prone to corruption.",
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