Dude plox stahp

I would throw in some rebuttals if it wasnt for the intellectual jackson pollock

default risk is important to lenders

@Kali Yuga on this subject you are wrong m8 😐

I have been a lender

Default risk is a glorified name for bankruptcy violations

wat

bankruptcy is not default

@DarKinGate not an argument

@xorgy i didnt say it was

Read well

Kali imagine you start a bank business

???

how you do it?

I dont because banks as business ruin economies

do you have a bank account?

Debit account

then you're being pretty inconsistent here aren't you

If i need investment i look fo invwstors not bankers

clearly you're doing business with a lot of people who appreciate the service of banks

Nope

You are too narrow in your jnowledge

but pretending you don't want the service

Dare i say... ignorant

you can get plain deposits you know

Credit service is not debit service what are you on about?

you are probably nonetheless working with an investment bank

because they are cheaper

Still waitng for the characteristics of money

ok Kali, you say bank ruin economy, ok imagine you are middle class, and you finally collect money to buy a car but missing lets say 5k$ and there is 50% discount on car you want. with no bank lending you 5k you will have to pay 50% in future

And currency for that matter

[4:27 PM] xorgy: money is something primarily intended to represent a transfer of generic value

Thats definition not characteristic

there are no characteristics of money

literally every characteristic of money can change, and it can still be money

the definition of money is about what people do with it, not about what it is.

currency and money are different?

it can be abstract, physical, red, green, turquoise, solid, liquid, gaseous

<:TimThink:482277772497125378>

in the begining there was trading goods for other goods, lets say potato for watermelon! than they trade silver for watermelon witch had same value as potato, than they take this silver and shortify into paper and give value to paper as 100 silver

@Marcus_Summers I think currency is more specific about the form