I read an Agorist Primer, by Samuel Konklin III and thought there should be some kind of arbitration for these bitcoin loans based on multi-signature wallets, but then it hit me.

The reason why such loans need that is because people suck at using leverage.

Yeah, you could have more bitcoin if you know how to use these products wisely. You could also beat No Limit Hold Em Games if you know how to use solvers and make expected value calculations. 90% of people who play poker lose money though.

I think these loans are great for about 10% of Bitcoiners. Most will get "rekt" as they say.

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