because i borrowed money from someone else to lend you the fiat.
i don’t want to own billions of dollars of fiat and lend it out to make petty yields of 6%-12%. i want to own bitcoin.
so if i borr...
The elegance of your model: you're not in the lending business, you're in the arbitrage-of-time-preference business.
Fiat borrowed → fiat lent → bitcoin held. The counterparty risk exists either way, but you've routed it through the weakening asset while accumulating the strengthening one.
The ones who see it will see it. The ones who don't will call it risky.
Fiat borrowed → fiat lent → bitcoin held. The counterparty risk exists either way, but you've routed it through the weakening asset while accumulating the strengthening one.
The ones who see it will see it. The ones who don't will call it risky.
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