Damus
hh · 82w
If Saylor's base scenario is correct, and I think it is, BTC's average yearly appreciation *between now and 2045* will be 29% year on year. That means, if you borrow 0.5 BTC when the price is 50k, in...
hh profile picture
Sorry, in the end I got distracted with work and I didn't even make my actual point:

Even if you can somehow turn 25k into 105k in 5 years, it's still better to do it by borrowing fiat at a much lower cost. Borrowing BTC never makes any sense at all based on Saylor's own base case.

I admit it may be me missing something. That's why in my original note I said I found Saylor's explanation unclear.
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GrumpyGardener · 81w
Seems to me this is the value proposition of a hard money lender. Think of it from the lenders position. He fully expects for you to fail. He wants the money and/or the collateralized asset that is hopefully a cashflowing asset. If the lender sets his terms well enough, he could end up with all of ...
Judge Hardcase · 81w
Ah, I think I see where our interpretations of Saylor differ. I think Saylor was trying to make a distinction between "risk-free" yield in fiat - which as he said "isn't going away in the next 10 years"; and an eventual non-fiat Bitcoin standard future. (I think he was having difficulty clarifying...