If lending fiat dollars with interest is causing the world economic collapse, will lending bitcoins at interest cause an internet collapse?
If we lend bitcoins with interest, what happens when there are not enough bitcoins to pay off all the interest on the borrowed bitcoins?
And another question for the cosmos...
If I earn 100 bitcoins and I have gains of 75 bitcoins in a given year, and I choose not to cash them in because the price might go up, will I be able to pay the IRS in bitcoins, or do I tell them I didn't pay my taxes because I was waiting for bitcoins to gain in value first?
I have come to a very important conclusion regarding bitcoins and humanity.
Bitcoins and alcohol do not mix well. At least you can't lose your bitcoin wallet at the bar. hehe
Happy Saturday Night folks!