True, loans will be risky for the loan maker & costly for the person in debt. So the supply & demand should both be much lower than today where the cost of making a loan is zero & the cost of servicing debts is eroded over time by inflation.
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I love that Bitcoin has gotten so many people to think about money for the first time, but other people have been thinking about money for a long time and already addressed these issues.
Before fiat, there was a savings and loans industry. It is inarguably possible to pay interest on a hard money system, because that’s what happened for thousands of years.