Replying to Avatar Satosha

Getting a bitcoin-backed loan on #Coinbase is now easier and faster than ever. In under a minute, you can get a loan in USDC without ever having to sell your bitcoin. You can earn over 4% in USDC rewards, send USDC globally for free, and use it onchain. You can also convert USDC to USD 1:1 for free to cover major expenses like buying a car or making a downpayment on your mortgage. Borrowing against bitcoin instead of selling it, can help delay a tax gain or loss. Crypto-backed loans on Coinbase are powered by Morpho, an onchain lending protocol built on Base, and grant access to competitive interest rates set by Morpho’s onchain open market lending pool. You no longer have to choose between preserving wealth for the future and spending it today

Hit or miss ? - #askNostr

#news
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JT 1y ago

Sounds like a fantastic way to further centralize BTC on Coinbase.

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Satosha 1y ago

Decentralization was never implemented in code ! .. For what it is worth , #Satoshi could have mined all the 21 million on a single node. .. He probably didn't bother to code it because he was sure greed will automatically take care of decentralization ..