I made this thread to provide an alternative to interest-based finance in the best interests of the people.(pun intended) I strongly believe that interest contributes to the misery of millions across the world.
For the sake of transparency, I require that all loan applicants use this thread to request loans. DO NOT request loans via PMs!
Loans will be considered on a case by case basis. Applicants should post the loan amount required and state the reason for the loan. If you do not wish to publicly state the reason, you must do so privately before any loan can be issued. Loans will be paid out in BTC and should be paid back in BTC. Collateral is required if you cannot prove you have the ability to repay the loan.
Lending Pool: 0.5BTC
[Loans]
Help rebuild the foundations of fair finance and donate as this will only increase the lending pool.
This is a non-profit initiative
- Charging interest is inimical to a stable economy
- Interest causes unemployment, inflation, and environmental destruction
- Interest moves money from the poor to the rich
- Interest favours projects which yield high profits in the short term
For the sake of transparency, I require that all loan applicants use this thread to request loans. DO NOT request loans via PMs!
Loans will be considered on a case by case basis. Applicants should post the loan amount required and state the reason for the loan. If you do not wish to publicly state the reason, you must do so privately before any loan can be issued. Loans will be paid out in BTC and should be paid back in BTC. Collateral is required if you cannot prove you have the ability to repay the loan.
Lending Pool: 0.5BTC
[Loans]
Help rebuild the foundations of fair finance and donate as this will only increase the lending pool.
This is a non-profit initiative
It really surprises me how some of the BTC community no nothing about basic economics.
Do you even understand economy and banking?
I am not really trying to hi-jack this thread but, do you know why interest is charged? Interest it what pays the employees, grows the "lending pool" as you call it. And how in the world does it cause environmental destruction? Please an example.
