If I were to loan fiat against Bitcoin, how would I insure that my collateral is safe? Need some help with understanding custody, keys and such.
Thinking about starting a privatized Bitcoin Bank.
Discussion
This product is great!!!
If you borrow against your bitcoin, you may have a key in a multisig setup. You can verify the bitcoin doesn’t move. But, you give up control. There is no guaranteed safety. Someone else has full control of your sats. Buyer beware.