Saw some questions about pricing, partners, and future plans for our new #Bitcoin-backed lending product at Strike.
Recorded a quick video to break it all down, including how we plan to drive rates lower, enable proof-of-reserves, and more. Only the beginning for this industry
https://blossom.primal.net/b37d629ec0f71237df4ce8f397879709fabc360caff7809b02850c0adb3f23ca.mp4
You put your bitcoins as collateral, one day wall street decide to crush the bitcoin price, a margin call happens, and... all your bitcoins are gone.
And they are gone to the same hands as always: the bankters.
They already did this with gold, and that's why they own 90% of the gold in the world.
Masterplan.
This is a good point. Keeping colateral % ‘s would help at this stage . As BTC heads to a million this problem will disappear
