| − | Because of this [[Bible|Biblical]] condemnation, [[Christian]]s were forbidden to lend money for interest for centuries. [[Dante's Inferno]] places usurers in the seventh circle of [[Hell]], along with [[blasphemy|blasphemers]] and [[homosexuals]]. In [[The Renaissance|Renaissance]] society, the only people allowed to charge interest were [[Jew]]s, which often led to resentment as the Jews were enriched by their shrewd financial activity. However, Christian thinking on this subject has changed, and almost all Christians now either lend their money for interest, or have an account in a [[bank]] which does it for them. However, usury is still a sin according to the [[Roman Catholic Church]].<ref>{{cite journal|publication=The Distributist Review|title=Is Usury Still a Sin?|url=http://distributistreview.com/mag/2012/01/is-usury-still-a-sin/|}}</ref> Pope Benedict XIV's encyclical [http://www.papalencyclicals.net/Ben14/b14vixpe.htm <i>Vix Pervenit</i>] gives the reasons why:<blockquote>The nature of the sin called usury has its proper place and origin in a loan contract… [which] demands, by its very nature, that one return to another only as much as he has received. The sin rests on the fact that sometimes the creditor desires more than he has given…, but any gain which exceeds the amount he gave is illicit and usurious.</blockquote><blockquote>One cannot condone the sin of usury by arguing that the gain is not great or excessive, but rather moderate or small; neither can it be condoned by arguing that the borrower is rich; nor even by arguing that the money borrowed is not left idle, but is spent usefully…<ref>http://www.papalencyclicals.net/Ben14/b14vixpe.htm</ref></blockquote><sup>(See also: [http://cuapress.cua.edu/books/viewbook.cfm?book=XMCU <i>Church and the Usurers: Unprofitable Lending for the Modern Economy</i>] by [http://en.gloria.tv/?media=444192 Dr. Brian McCall] or [https://www.scribd.com/doc/138347161/Bernard-W-Dempsey-1903-1960-Interest-and-Usury-With-an-Introduction-by-Joseph-a-Schumpeter-1948 <i>Interest and Usury</i>] by [https://www.jstor.org/stable/29769582 Fr. Bernard W. Dempsey, S.J.] (1903-1960).)</sup></ref> | + | Because of this [[Bible|Biblical]] condemnation, [[Christian]]s were forbidden to lend money for interest for centuries. [[Dante's Inferno]] places usurers in the seventh circle of [[Hell]], along with [[blasphemy|blasphemers]] and [[homosexuals]]. In [[The Renaissance|Renaissance]] society, the only people allowed to charge interest were [[Jew]]s, which often led to resentment as the Jews were enriched by their shrewd financial activity. However, Christian thinking on this subject has changed, and almost all Christians now either lend their money for interest, or have an account in a [[bank]] which does it for them. However, usury is still a sin according to the [[Roman Catholic Church]].<ref>{{cite journal|publication=The Distributist Review|title=Is Usury Still a Sin?|url=http://distributistreview.com/mag/2012/01/is-usury-still-a-sin/|}}</ref> Pope Benedict XIV's encyclical [http://www.papalencyclicals.net/Ben14/b14vixpe.htm <i>Vix Pervenit</i>] gives the reasons why:<blockquote>The nature of the sin called usury has its proper place and origin in a loan contract… [which] demands, by its very nature, that one return to another only as much as he has received. The sin rests on the fact that sometimes the creditor desires more than he has given…, but any gain which exceeds the amount he gave is illicit and usurious.</blockquote><blockquote>One cannot condone the sin of usury by arguing that the gain is not great or excessive, but rather moderate or small; neither can it be condoned by arguing that the borrower is rich; nor even by arguing that the money borrowed is not left idle, but is spent usefully…<ref>http://www.papalencyclicals.net/Ben14/b14vixpe.htm</ref></blockquote><sup>(See also: [http://cuapress.cua.edu/books/viewbook.cfm?book=XMCU <i>Church and the Usurers: Unprofitable Lending for the Modern Economy</i>] by [http://en.gloria.tv/?media=444192 Dr. Brian McCall] or [https://www.scribd.com/doc/138347161/Bernard-W-Dempsey-1903-1960-Interest-and-Usury-With-an-Introduction-by-Joseph-a-Schumpeter-1948 <i>Interest and Usury</i>] by [https://www.jstor.org/stable/29769582 Fr. Bernard W. Dempsey, S.J.] (1903-1960).)</sup><br>[[Bitcoin]] is, by design, [[Myths#Bitcoin_has_no_built-in_chargeback_mechanism.2C_and_this_isn.27t_good|unable to perform chargebacks]] or [https://bitcoin.stackexchange.com/a/37853/4334 force collection of interest on loans], thus making [http://dhspriory.org/thomas/Emptio.htm usury] within the [[blockchain]] impossible. |