Ultragigagigantic@lemmy.world to Lemmy Shitpost@lemmy.world · 1 year agoThomas Edison was the Elon musk of his eralemmy.worldimagemessage-square140linkfedilinkarrow-up11.8Karrow-down138file-text
arrow-up11.77Karrow-down1imageThomas Edison was the Elon musk of his eralemmy.worldUltragigagigantic@lemmy.world to Lemmy Shitpost@lemmy.world · 1 year agomessage-square140linkfedilinkfile-text
minus-squarePotatoesFalllinkfedilinkarrow-up2·1 year agoYou can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkarrow-up1arrow-down1·1 year agoLoan what? Banks can only work if someone has already made a profit that they can invest.
minus-squarePotatoesFalllinkfedilinkarrow-up1·1 year agoYeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.
You can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.
Loan what? Banks can only work if someone has already made a profit that they can invest.
Yeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.