Replying to Avatar Comte de Sats Germain

Muslims will do well, if they avoid riba. Anything giving yield on bitcoin will fail eventually - people will lose a lot because of their greed.

Now... We need to get Christians to remember that usury was once forbidden to us as well.
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Pj 10mo ago

Define usury.

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Comte de Sats Germain 10mo ago

Read stuff

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Pj 10mo ago

I do - unlike you, obviously. That's why I know there are different definitions.

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Comte de Sats Germain 10mo ago

See, I knew you would act childishly. That's why I didn't answer you.

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Pj 10mo ago

Dude, how am *I* acting childishly?

Forbidding usury is an economic nonsense. I could write more if I knew, which definition of usury you subscribe to.

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alenasatoshi 10mo ago

I dont have a definition either, but for example the btc lending that takes 10%pa and your bitcoin with 50% LTV is clearly usurious to me. But people on the other side of the game are more greedy and don't want to let go of their BTC. So to each what he deserves.

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Pj 10mo ago

That's the thing. Value is purely subjective and there's no other way to tell, what's right except when supply and demand meet on a voluntary basis. If people don't want to let go of their btc (because of greed or risk aversion), you'll get a high price.