Replying to Avatar BlueDuckBTC

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyf8wumn8ghj7ur4wfcxcetsv9njuetn58f5nv serious question here about your lending programs. Literally couldn’t fall asleep without posting.

Why would anybody with excess USD laying around lend it out, even on a fully collateralized loan, for say 10% when they could just buy #bitcoin themselves and get far superior returns AND own the best asset?

Sincerely curious.

#thoughstr #proofofwork #nostr
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CarteBlanche 7mo ago đź’¬ 2

Because the person providing the capital doesn’t believe in bitcoin. They just understand that other people do.

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BlueDuckBTC 7mo ago

Unfortunately, to me, that answer does not calculate. However, you could be right. If it sounds to good to be true, well, maybe nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dstyku22 can provide more context.

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cozzy 7mo ago

This and also, those parties have clients who just said find me someone/where to get x return, because they want to give x return to their customers none of whom want to be tethered to bitcoin. if they get bitcoin because of the debtor got called, they get bitcoin and get to sell or keep it.

Also, bitcoiners literally want this product so there’s just simple demand and buyers were found on the other side.