I see it slightly differently. I view the current lending markets to be an artifact of the fiat system. IMHO, the future bitcoin financial system will prefer equity, rather than debt for investment.
Why would I lend out my bitcoin to someone who could lose it all? Would, say, a 10% rate be sufficient? Would I accept a 50% rate if the borrower could lose 100% of my bitcoin? Probably not. There are only 21 million bitcoins and no bailouts.
I believe people will invest their bitcoin but probably only for an ownership share of a business.
techfeudalist
npub1nz…0yxqu
2023-02-06 20:59:25 UTC
in reply to nevent1q…7wxj
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2023-02-06 20:59:25 UTCEvent JSON
{
"id": "6b701b8fd91a9ffac1b98d10f518dfb3d1d72e65e27841cc4d3a0ffef7b8c86f",
"pubkey": "98a386c766ac9250f4ce1b500662fd08e4d464a1915743eedc83bd50521decac",
"created_at": 1675717165,
"kind": 1,
"tags": [
[
"e",
"a355a30f69d5adb6bc6d7839652d2950f70d314857f702dd0b6f101bcfa03eaa"
],
[
"p",
"a68ee715afb68845e6bfbf9205b2e5d7762affde7e9befa4e856aeb5a9d5e9f2"
]
],
"content": "I see it slightly differently. I view the current lending markets to be an artifact of the fiat system. IMHO, the future bitcoin financial system will prefer equity, rather than debt for investment. \n\nWhy would I lend out my bitcoin to someone who could lose it all? Would, say, a 10% rate be sufficient? Would I accept a 50% rate if the borrower could lose 100% of my bitcoin? Probably not. There are only 21 million bitcoins and no bailouts. \n\nI believe people will invest their bitcoin but probably only for an ownership share of a business.",
"sig": "cd983ab24f1c3627b74537ff11d6358ace4a993dec88a438e823870bcd6da26c7ce1b1a5a2ee2d0660f577940eff2cae4a1d50c34ea378d7276d197490bccf26"
}