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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crany ๐Ÿ‘ฝ๐Ÿงก๐Ÿ—ฟ 1y ago

Yes, we can't rid ourselves of banks until reasonable lending is solved

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