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RE: Bitbond.com - lending for cryptoheads.

in #enterprise • 7 years ago

What if one borrows $1000 when bitcoin is at $1000 and then has to pay back the loan a year later when BTC is at $4000?

I believe he have to pay in dollars but I am not sure. It would be better for loan taker than borrower in this situation.

7 years ago in #enterprise by
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  • Past Payouts $0.02, 0.00 TRX
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  • - Curators $0.00, 0.00 TRX
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     7 years ago 

    If the borrower pays back in dollars then the lender loses out on the gain in BTC value...

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       7 years ago 

      That's true.

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         7 years ago 

        Ouila, there you have the federal reserve system lol

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