I would much rather borrow money from people I know than participate in the very system I am attempting to escape.
Discussion
I see your point, but look at it this way.
- You're going short fiat by making your family go long...
That’s how I’ve seen it in the past, and from a purely financial perspective that makes sense. Lately I’ve been paying a lot more attention to where my energy goes and I’ve begun to wonder if I want to give my energy to the system in that way.
There are pitfalls to borrowing from friends and family. I’ve also experienced and seen it done in ways that were far more meaningful and beautiful than anything I’ve experienced with a bank loan.
1. Offer interest. Make them whole enough... Especially if they were never going to invest that into bitcoin anyway.
2. This way you are not inflating the supply of currency.
That makes no sense to me.