103. Islamic Finance and Bitcoin with Safdar Alam
The Bitcoin Standard Podcast
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Is This a Bad Thing?
Banks have the ability to lend out at interest without actually making new gold coins or printing new paper money. Their fallback position is that they are going to take away the property of the borrower in case, e, the borrower is unable to pay back. But since the house is with the borrower, it's not with the lender. Its being used as a consumer good and then liquidated if the loan cannot be paid.
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