"we spend a goopleton of marbleplops per year on figulizing the periochode"
2 year term is novel and exciting, but 15%+ interest is still so crazy to me. clearly no one has yet successfully bridged the private credit dollar supply over to bitcoin backed loans. there's a gigantic opportunity for some tradfi credit folks to capture a billion plus market of bitcoin backed loans with pretty much zero credit risk. expect rates to trend towards SOFR plus 400 or less this cycle. and whoever figures this out and gets to market first is going to make an incredible amount of money. Tether / Cantor seem likely leaders, but haven't seen anything since Lutnick's announcement at the conference last year.
https://www.coindesk.com/business/2025/02/20/onramp-and-arch-launch-bitcoin-backed-lending-service
Discussion
an inside joke about the absurdity of large numbers. our tiny human brains can't comprehend numbers large enough to express the centralization of society and money. in the context of government spending we're numb to the magnitude because the numbers are so large they lose their meaning.
nostr:note1d5zmedha22y2n0zwmfnad60cgjdg72nsg8c4efaxtd37vda8mj8slae0km