Nostr Web Client

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t25cfd what's the incentive for anyone to offer Fiat loans for btc?

Like why would someone lend at 10-20% interest when they could buy bitty?

Is this like bridging to the legacy system? Legal etc, like how fixed income only investors like MSTR?

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Discussion

SuiGenerisJohn 10mo ago

Because they can turn leverage into more leverage and securitizations. Like a note you make to me I can package up with other pleb notes and create securities that other people can buy and invest in on leverage and transform your $100 of bitcoin into 10,000 cuckbucks and then buy bitcoin with that.