Post by twetch#2022

1sNJWU…Qwas Key · twetch
twetch_twembed1588979150321.png
What the chain says
Block
634 034
Time
2020-05-08T23:07:27Z
Signer
1sNJWUrAYfdxAKN1zGq3t9hwyR6ynQwas
App
twetch
Type
post
Content type
image/png
Filename
twetch_twembed1588979150321.png
Name in tx
twetch#2022

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1sNJWUrAYfdxAKN1zGq3t9hwyR6ynQwas Verified

Reposted by (1)

Replies (6)

19nRN1…4Hk5 Key · twetch
Replying to@1sNJWU…Qwas

Profit sharing beyond a certain time period is still usurious. The concept of a timelocked general jubilee would be useful in this regard. The creditor cannot issue a substantially usurious loan if there are short time periods of debt obligations.

19nRN1…4Hk5 Key · twetch
Replying to@1sNJWU…Qwas

The thing that absolutely blows me away in the general population, is the fact that almost no-one has even heard the word usury before.

17QhZS…n3g4 Key · twetch
Replying to@19nRN1…4Hk5

Is there a concepy of "unsury"? The practice of lending at unreasonably low interest rates? Like, negative?

19nRN1…4Hk5 Key · twetch
Replying to@17QhZS…n3g4

negative interest rates are only possible in a usurious system. where is the fake money going to come from?

1BmBuB…MTpg Key · twetch
Replying to@19nRN1…4Hk5

I've heard it, but I still had to look it up. Thanks for the hot tip :-)

Learning so much about money in the last week...

19nRN1…4Hk5 Key · twetch
Replying to@1sNJWU…Qwas

Proof-of-Work helps with preventing usury. Bitcoin is actually theologically sound money. Modern fiat is sinful from its point of inception as it is a debt obligation to the issuer.