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Replying to z1

What happens if you loaned out 1 BTC worth $65k

And the cost of 1 BTC rises to $1m, before the borrower can pay it back

Is the borrower just fucked? Or how would that play out?

Is than an intended feature of Bitcoin?

So that we’re incentivized NOT to lend money to each other, knowing deflation is inevitable and it might be impossible for the borrow to pay back that same slice of the pie in the future?

Idk

98
Beiner 1y ago

The lender can pay himself from the crazy spike. Because they lend you the cash. Plus the way it works is if you asking for 1 btc lend you need to provide 1.5 btc or more for collateral

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