/biz/ - Business & Finance

bump

>>26572695
based

>>26522937
This better be important fren

>>26275322
> that you don't see being shilled on here

>>26275285
YFI for BTC

>>26199582
BSC. Guess what comes next?
Hint: funds are definitely safu

>It's the year 2030
>BTC is worth 250k and a new class of crypto-rich appears
>The US economy is in its worst depression in history and unable to pay foreign debtors
>The media in collusion with the government shifts the blame towards the crypto rich for being unpatriotic by moving capital out of the US economy
>Congress enacts a law stipulating an 80% tax on all US cryptocurrency holders (exceptions are granted to certain billionaires as their investments are deeded essential to the economy)
>This law is enforced through identifying cryptocurrency holders based on their tax records, and anyone else suspected of holding cryptocurrencies are arrested and imprisoned until they are forced to reveal their wallet keys

How worried are you that something like this will happen?

>>25495764
The problem is you guys didn't agree on the time limit for the loan. Since a time limit wasn't concretely defined, we'll have to default to what most people would generally agree would be an acceptable time limit.

What most people would agree in this scenario, I'd say is on the order of a couple of months, and certainly not three years (2020). Now that we have a defined time limit, we can say that your brother failed to pay the loan on time, therefore the bank (you) gets to keep the collateral, therefore you get the BTC.

The key point is to define the time limit as something most people would generally agree upon. The lesson is you should concretely define time limits for stuff like this in the future.