Replying to Avatar WhiteRabbit

Why are bitcoin backed loans still so expensive when there is almost no default risk with a proper multi-party, multi-sig setup?

Paying ~13% plus a 2% origination fee is crazy. We need more lenders.
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cuban 1y ago

Rates are set by the people loaning the money. The low rates subsidized by banks and the fed will be tough to compete with

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