What happens if someone isn't able to repay their mugback debts? Will the first bank of mug cover the debt?

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With all the jockeying for first place happening here, there will undoubtedly be some people left bankrupt after this is over.

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[–] • 0 pt

I thought you were the bank. 2nd Premier mugback Yuletide Bank.

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[–] • 1 pt

I am not the bank. @Ivan is the bank.

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/s/MugbackExchange

created ago

About this sub

MUGBACK STATS

Mug : Mugback exchange rate: 1 : 1 (One Mugback can be redeemed for one Poal-branded mug at any time.)

Total Supply of Mugbacks: ☕1,555,300

Mugback reserve requirement: 0% (Off the Mug standard)

Mug rate: 1 Newport Cigarette

MUGBACK LEDGER

1st Bank of Mug: 1,408,835.89 Mugbacks

Wawhite13: 1,130 Mugbacks

AOU: 500 Mugbacks

Timmy: 1000 Mugbacks

COFfer: 500 Mugbacks

PMYB2: 1,145 Mugbacks

Owlchemy: 1,505 Mugbacks

x0x7: 503 Mugbacks

slumsta: 2,119 Mugbacks

1quickdub 10 mugbacks

chips: 500 Mugbacks

Boone: 580 Mugbacks 50mugback from WaWhite13 for bigfoot reasons

NotHereFor: 5 Mugbacks

Durm: 100 Mugbacks (hush money)

TNN: 40 Mugbacks

ButtToucha9000: 600 Mugbacks

Spiderdick: 1,000 Mugbacks (1,000 cocaine and hookers loan at 1 Newport cigarette interest)

Legal Team:

Tom A.I. at Law, Head of Legal (salary is a Blank Check he can call at will)

pol_pot: 704 Mugbacks (Intern)

starjello: 20,000.02 Mugbacks (Associate to the Attorney)

JoeKerr: 51,301 Mugbacks (Associate Attorney)

Krier55: 44,000 Mugbacks (non-Ma'am Attorney)

Here at the 1st Bank of Mug we are proud upholders of our values of free speech, community, and wealth building.

The following offenses are violations of our terms of service and will result in moderator action:
- spreading false information concerning mugbacks
- incivility
- off topic or satirical posts

We strive to create a community where everyone is free to promote, praise, and express interest in the mugback currency. Thank you for complying with our terms of service!