Re:Bored Ape virtual land sale breaks Ethereum
by bdcravens on Monday May 02, 2022 @06:12PM
(#31241681)
Usurious and predatory loans also work as intended. The person signing the document knows what they are getting into it, and presumably have done the cost/benefit analysis.
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Re:Bored Ape virtual land sale breaks Ethereum
by matheusmoreira on Monday May 02, 2022 @07:42PM
(#31242567)
Usurious loans are bad because they effectively enslave borrowers through ever increasing debts that can never be paid off. Nothing of the sort is happening here, it's just people speculating on an asset. They paid 4k in fees because they expected their returns to be greater than that.