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well, if that's the case where the $500,000 comes in much later, and there's ways to make a decent living on Mars, then it's certainly possible. But again, I s
by sixQuarks 14y ago
well, if that's the case where the $500,000 comes in much later, and there's ways to make a decent living on Mars, then it's certainly possible. But again, I still think people need loans, they don't have $500k sitting around. And lenders will only give out loans if there is a good chance of paying it back. If someone takes out a loan, goes to Mars, and refuses to pay, what is the lender gonna do? It costs $500k just to go to mars, it's not like they're gonna send a bill collector after them.
- stcredzero 14y agoJust make all banking on Mars electronic. If you don't pay your bills, you flat-out don't have money. This even works in a Free market version, as banks will probably cooperate on debtors even while they're competing everywhere else.
- sixQuarks 14y agoYeah, but people won't let their fellow Martians suffer. They will likely band together since they share such a unique circumstance.