Have you guys listened to the latest Bitcoin Takeover podcast with the creators of Firefish?
Genuinely curious to know what you think about BTC-backed loans based on a multisig protocol (as opposed to a centralized company like BlockFi).
Never sell BTC, just borrow fiat & pay back.
BritishHodl said it bes, and his opinion seems sound. Wait for large legal institutions to start offering services like that. Not some fly by night operation.
I would add, if some trustless smart contract could do the same thing (As with drivechains and Bip300) i would do that.
As bitcoin becomes scarce, it is innevitable.
Haven’t yet listened to this epizode, but sounds similar to Lend by nostr:npub1yul83qxn35u607er3m7039t6rddj06qezfagfqlfw4qk5z5slrfqu8ncdu , is that correct?
Somewhat, but I think the setup/trust model is different.
