There's nothing stopping you from loaning, say, 1.0 BTC and asking for 1.1 BTC to be paid back later, but Bitcoin does not have any mechanism to help enforce such loans. There's a forum dedicated to it: https://bitcointalk.org/index.php?board=65.0 Many people are skeptical of Bitcoin loans since the expected rate of return of holding BTC exceeds the rate of return of almost all legitimate businesses.
Many people are skeptical of Bitcoin loans since the expected rate of return of holding BTC exceeds the rate of return of almost all legitimate businesses.
To steal a tptacek line, "I hope to make the starburst of points which follow by implication rather than by explicit statement."
Comments
There's nothing stopping you from loaning, say, 1.0 BTC and asking for 1.1 BTC to be paid back later, but Bitcoin does not have any mechanism to help enforce such loans. There's a forum dedicated to it: https://bitcointalk.org/index.php?board=65.0 Many people are skeptical of Bitcoin loans since the expected rate of return of holding BTC exceeds the rate of return of almost all legitimate businesses.
Many people are skeptical of Bitcoin loans since the expected rate of return of holding BTC exceeds the rate of return of almost all legitimate businesses.
To steal a tptacek line, "I hope to make the starburst of points which follow by implication rather than by explicit statement."