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Topic: Loans in BTC - page 3. (Read 3744 times)

hero member
Activity: 602
Merit: 512
GLBSE Support [email protected]
April 16, 2011, 02:34:08 PM
#2
Loans are currently a little problematic. As thevalue of the currency rises over time.

This was highlighted when we were chasing stevenbuck for money he'd pretty much defrauded some users, many many months ago.

It was about 10,000btc, and worth about 200usd at the time, but only a few month later that value rocketed as the value of bitcoins relative to usd rose.

That could be a nasty poverty trap.
newbie
Activity: 34
Merit: 0
April 16, 2011, 02:06:59 PM
#1
Long-term loans in BTC are possible? Because of defation.
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