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The project might not be a good allocation of resources. Under a sound money standard, that becomes obvious quickly. If it can't produce enough profit from tolls to repay the loan, it's a poor use of resources. The market is telling you that people value something else more than they value the bridge. Maybe adding a second ferry to reduce the wait time is a better allocation of resources?

We've been brainwashed by fiat economics to see any infrastructure or any business that "makes money" as productive. Without the ability to finance those things through inflation by issuing debt, only projects that provide a lot of real value will be able to get financing.

Anything else will have to be paid up front, by someone who values the project for other than purely economic reasons.

Laeserin 1y ago

That was my point, but it got shot down.

I was like, maybe renovating a church building won't net money, but the people in the church would still be willing to pay for it because they want to be in a building where the roof doesn't leak.

Maybe the town wants to have a nice bridge, for the prestige and to drive more traffic to the town, so that they make money indirectly.

A lot of the stuff people currently get loans to do wouldn't net enough money to make lending profitable, but people could keep doing them.

You can see that on here. We all keep sinking hard money into the development, but nobody is willing to go into debt for it, even under fiat, because you can't make money off of Nostr. But we want to build it all, anyway, so we just swallow the cost and hope for the best.

Imagine if the developers all had to repay the Bitcoin to OpenSats, with interest. 🤢

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