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corndalorian
@corndalorian
Show me a bitcoin loan that is for a minimum of a 5 year term, with a low interest rate and a1:1 loan to value ratio based on market price at the time the loan is taken out, with the sats locked up in a 2 of 3 multisig wallet, and MAYBE I’ll consider giving your company the privilege of doing business with me and my sats.
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Francisco Dubois · 42w
but then we couldn't be predatory and make tons of money off you.
UTXO Alien · 42w
A 1:1 ltv is gonna be tough no matter how you shake it. Bitcoin dips at all and you will have to re-collateralize
Jake Woodhouse · 42w
Agree. Can’t get my head around the trade thus far - liquidation risk - counter party risk - high interest rates - short loan duration Some players definitely better than others But still hard to grok seriously Some people love it though Had founder of FireFish on the podcast recently wh...
pj · 42w
We’ve got a ways to go for that. Banks still don’t understand the value of bitcoin.
Hi, it's Me · 42w
https://image.nostr.build/ca9a5340f9d03f3f4184b27316752c27cf4f5df2d78b585c47b4c455106dbf14.jpg
SeedVaultMarket · 42w
Can’t give you a loan. But I can ship you high quality seeds for sats 😏 at https://seedvault.market
Peilster · 42w
at this point, the lender should just buy bitcoin instead of lending out money
2Pac · 42w
Bitcoin is terrible loan collateral because of volatility many will get margin called or liquidated. Honestly better just going the traditional route if you really need the fiat and won’t sell the bitty.
mIX · 42w
Taking out a loan near the bottom of a bear market would be nice, then you only have upside and don't have to worry about being liquidated. All these loan offerings are all pretty sad so far. Bottom of the bear is where the rates should go down to attract bitcoinrrs, but traditional finance has no c...
Speedster · 42w
Meanwhile BTC. whole life insurance comes close. Low single digit interest rate, 1:1 LTV, loan repayment flexibility., avoids capital gains taxes and you get to pass on bitcoin to your beneficiaries tax free..