I just listened to a pod about mortgages and interest rates swaps calls and puts that was really hard for me to follow and I’ve been learning this shit for a long time. Holy shit.
Discussion
Complexity is a feature of centralized finance. The simplicity of stacking sats and just saving is going to tear down all these insider arbitrage schemes someday and it will be beautiful to see.
The fuckery in the mortgage system is vast, dynamic, and demonic
"The borrower is slave to the lender"
Debt is tricky arena. If there is a means to an end, can be a useful tool ie a mortgage for a house. If it becomes lifestyle creep that's when it gets slippery