Nostr Web Client

Yes, for me it's that I don't have to make payments, no credit check, is relatively quick (can get the cash within 24-48 hours) and essentially never pay back, by much, assuming BTC goes up and I keep it properly collateralized.

Dave 7mo ago 💬 1

I've done some calculations based on some assumed rates of return with some random variation and eventually concluded that I wouldn't go more than around 10% of your stack. Under my assumptions, its riskier than it seems at first.

I imagine they get theirs when you die or something?

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Clarkian 7mo ago 💬 2

They get the interest payments, at the least. At some point you'll want to pay it back to release the BTC back into your custody. It's not for everyone, that's for sure. Depends on liquidity needs, risk tolerance, etc.

Dave 7mo ago

You don't roll the interest into the next loan? Perhaps that is my disconnect.

Clarkian 7mo ago

You can roll the interest into the next loan. I'm just thinking at some point I pay the USD to release the BTC back into my own custody, so they'll get some interest payments at some point