Explain to me how interest is a problem "Period" in the following situation.

1. Your car breaks down, you use it to get to work, the bill is 500 USD.
2. You use a credit card with a flat rate of 8% AER to pay for the works, 0% for the first month.
3. You pay back the credit card over 90 days and this costs you about 506 USD total.

The alternative was.

1. Car breaks down, you use it to get to work, the bill is 500USD.
2. You catch the bus to work until you've accrued 500 USD to pay for the works, this normally would take 90 days.
3. Catching the bus 5 days a week for 3 months costs you 2 dollars a day, total over the period 120USD so now you only have 380 USD spare and continue for another couple of weeks, costing you another 20 USD.
4. Pay for car to be repaired "Interest free" - total expenditure 640USD.

Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.

You can't pay back.more than what is lent.

That is a distinct and different issue from what the guy is saying though, if you were to use bitcoin with a finite supply for a moment you can buy a replacement work computer to work from home for 10% over RRP if you pay for it over a year or you can pay RRP for it upfront "Without interest" but save for it first. If you need a replacement work computer because you personally spilled coffee all over it and the alternative is a 2 hour commute then getting the replacement now at 10% interest is infinitely better than commuting to the site for 2 hours a day isn't it? So no, interest is not a problem "period", period. Usury, foreign occupation of your money supply and fractional lending is. People going around shouting into the sky how "Interest is a problem inherently" just signal to TPTB that you understand nothing and shouldn't be taken seriously, without interest as a concept, why would anyone anywhere ever lend you money?

Just never borrow money then herr derp.

So entrepreneurs from working class backgrounds with no familial wealth reserves just go uncapitalized when they're trying to invent something that would be commercially successful and make the world a better place?

Explain to me how interest is a problem "Period" in the following situation.

1. Your car breaks down, you use it to get to work, the bill is 500 USD.
2. You use a credit card with a flat rate of 8% AER to pay for the works, 0% for the first month.
3. You pay back the credit card over 90 days and this costs you about 506 USD total.

The alternative was.

1. Car breaks down, you use it to get to work, the bill is 500USD.
2. You catch the bus to work until you've accrued 500 USD to pay for the works, this normally would take 90 days.
3. Catching the bus 5 days a week for 3 months costs you 2 dollars a day, total over the period 120USD so now you only have 380 USD spare and continue for another couple of weeks, costing you another 20 USD.
4. Pay for car to be repaired "Interest free" - total expenditure 640USD.

Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.

You can't pay back.more than what is lent.

That is a distinct and different issue from what the guy is saying though, if you were to use bitcoin with a finite supply for a moment you can buy a replacement work computer to work from home for 10% over RRP if you pay for it over a year or you can pay RRP for it upfront "Without interest" but save for it first. If you need a replacement work computer because you personally spilled coffee all over it and the alternative is a 2 hour commute then getting the replacement now at 10% interest is infinitely better than commuting to the site for 2 hours a day isn't it? So no, interest is not a problem "period", period. Usury, foreign occupation of your money supply and fractional lending is. People going around shouting into the sky how "Interest is a problem inherently" just signal to TPTB that you understand nothing and shouldn't be taken seriously, without interest as a concept, why would anyone anywhere ever lend you money?

Explain to me how interest is a problem "Period" in the following situation.

1. Your car breaks down, you use it to get to work, the bill is 500 USD.
2. You use a credit card with a flat rate of 8% AER to pay for the works, 0% for the first month.
3. You pay back the credit card over 90 days and this costs you about 506 USD total.

The alternative was.

1. Car breaks down, you use it to get to work, the bill is 500USD.
2. You catch the bus to work until you've accrued 500 USD to pay for the works, this normally would take 90 days.
3. Catching the bus 5 days a week for 3 months costs you 2 dollars a day, total over the period 120USD so now you only have 380 USD spare and continue for another couple of weeks, costing you another 20 USD.
4. Pay for car to be repaired "Interest free" - total expenditure 640USD.

Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.

You can't pay back.more than what is lent.

That is a distinct and different issue from what the guy is saying though, if you were to use bitcoin with a finite supply for a moment you can buy a replacement work computer to work from home for 10% over RRP if you pay for it over a year or you can pay RRP for it upfront "Without interest" but save for it first. If you need a replacement work computer because you personally spilled coffee all over it and the alternative is a 2 hour commute then getting the replacement now at 10% interest is infinitely better than commuting to the site for 2 hours a day isn't it? So no, interest is not a problem "period", period. Usury, foreign occupation of your money supply and fractional lending is. People going around shouting into the sky how "Interest is a problem" inherently just signal to TPTB that you understand nothing and shouldn't be taken seriously.

Explain to me how interest is a problem "Period" in the following situation.

1. Your car breaks down, you use it to get to work, the bill is 500 USD.
2. You use a credit card with a flat rate of 8% AER to pay for the works, 0% for the first month.
3. You pay back the credit card over 90 days and this costs you about 506 USD total.

The alternative was.

1. Car breaks down, you use it to get to work, the bill is 500USD.
2. You catch the bus to work until you've accrued 500 USD to pay for the works, this normally would take 90 days.
3. Catching the bus 5 days a week for 3 months costs you 2 dollars a day, total over the period 120USD so now you only have 380 USD spare and continue for another couple of weeks, costing you another 20 USD.
4. Pay for car to be repaired "Interest free" - total expenditure 640USD.

Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.

You can't pay back.more than what is lent.

That is a distinct and different issue from what the guy is saying though, if you were to use bitcoin with a finite supply for a moment you can buy a replacement work computer to work from home for 10% over RRP if you pay for it over a year or you can pay RRP for it upfront "Without interest" but save for it first. If you need a replacement work computer because you personally spilled coffee all over it and the alternative is a 2 hour commute then getting the replacement now at 10% interest is infinitely better than commuting to the site for 2 hours a day isn't it? So no, interest is not a problem "period", period. Usury, foreign occupation of your money supply and fractional lending is.

Explain to me how interest is a problem "Period" in the following situation.

1. Your car breaks down, you use it to get to work, the bill is 500 USD.
2. You use a credit card with a flat rate of 8% AER to pay for the works, 0% for the first month.
3. You pay back the credit card over 90 days and this costs you about 506 USD total.

The alternative was.

1. Car breaks down, you use it to get to work, the bill is 500USD.
2. You catch the bus to work until you've accrued 500 USD to pay for the works, this normally would take 90 days.
3. Catching the bus 5 days a week for 3 months costs you 2 dollars a day, total over the period 120USD so now you only have 380 USD spare and continue for another couple of weeks, costing you another 20 USD.
4. Pay for car to be repaired "Interest free" - total expenditure 640USD.

Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.

You can't pay back.more than what is lent.

That is a distinct and different issue from what the guy is saying though, if you were to use bitcoin with a finite supply for a moment you can buy a replacement work computer to work from home for 10% over RRP if you pay for it over a year or you can pay RRP for it upfront "Without interest" but save for it first. If you need a replacement work computer because you personally spilled coffee all over it and the alternative is a 2 hour commute then getting the replacement now at 10% interest is infinitely better than commuting to the site for 2 hours a day isn't it? So no, interest is not a problem "period", period. Usury and foreign occupation of your money supply is.

Explain to me how interest is a problem "Period" in the following situation.

1. Your car breaks down, you use it to get to work, the bill is 500 USD.
2. You use a credit card with a flat rate of 8% AER to pay for the works, 0% for the first month.
3. You pay back the credit card over 90 days and this costs you about 506 USD total.

The alternative was.

1. Car breaks down, you use it to get to work, the bill is 500USD.
2. You catch the bus to work until you've accrued 500 USD to pay for the works, this normally would take 90 days.
3. Catching the bus 5 days a week for 3 months costs you 2 dollars a day, total over the period 120USD so now you only have 380 USD spare and continue for another couple of weeks, costing you another 20 USD.
4. Pay for car to be repaired "Interest free" - total expenditure 640USD.

Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.

You can't pay back.more than what is lent.

That is a distinct and different issue from what the guy is saying though, if you were to use bitcoin with a finite supply for a moment you can buy a replacement work computer to work from home for 10% over RRP if you pay for it over a year or you can pay RRP for it upfront "Without interest" but save for it first. If you need a replacement work computer because you personally spilled coffee all over it and the alternative is a 2 hour commute then getting the replacement now at 10% interest is infinitely better than commuting to the site for 2 hours a day isn't it? So no, interest is not a problem "period", period.

Explain to me how interest is a problem "Period" in the following situation.

1. Your car breaks down, you use it to get to work, the bill is 500 USD.
2. You use a credit card with a flat rate of 8% AER to pay for the works, 0% for the first month.
3. You pay back the credit card over 90 days and this costs you about 506 USD total.

The alternative was.

1. Car breaks down, you use it to get to work, the bill is 500USD.
2. You catch the bus to work until you've accrued 500 USD to pay for the works, this normally would take 90 days.
3. Catching the bus 5 days a week for 3 months costs you 2 dollars a day, total over the period 120USD so now you only have 380 USD spare and continue for another couple of weeks, costing you another 20 USD.
4. Pay for car to be repaired "Interest free" - total expenditure 640USD.

Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.