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Topic: Houston, we have a Major Problem! - page 3. (Read 6405 times)

full member
Activity: 126
Merit: 100
July 24, 2011, 02:31:12 AM
#3
mmmph.

sleep well.
sr. member
Activity: 672
Merit: 258
https://cryptassist.io
July 24, 2011, 02:30:06 AM
#2
I has a question about interest!  Instead of learning from any of the many available sources that are the hallmark of the internet age I will spew crap on forums!  TALK GOOD, READ BAD.
sr. member
Activity: 364
Merit: 251
July 24, 2011, 02:24:36 AM
#1
 Grin

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!

 Wink
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