Damus
DataNostrum · 88w
Ok, you're talking about a scenario where Bitcoin is 100x bigger than it is today. I still don't know why anybody in their right mind would borrow bitcoin to repay in 10+ years, especially with the li...
Bored Satoshi profile picture
People will borrow bitcoin because they will have no other options. If someone is lending you in $$$ they would be the holders of $$$. The right question here would then be "who in their right might would hold dollars in the future".
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DataNostrum · 88w
Our current system is debt-based. If you take out a loan/mortgage in dollars, the bank wasn't previously holding those dollars, they get created upon your agreement to repay. So "who in their right mind would hold the dollar" is already true today. Under a Bitcoin standard, lending and borrowing wi...