GM HAVE YOUR CAKE AND EAT IT TOO
WHAT ARE BITCOIN BACKED LOANS?
Discussion
So you have bitcoin and you need some fiat for whatever expenses. Mallers new company says that they will give you a min loan of $70k. You have to let them hold a certain percent of that of your bitcoin. The keys to that is held by a third party. Oh and the interest rate is 12%.
People who don't know the history of bitcoin deserve to part ways with their bitcoin.
Mr Bennet covers it pretty well here in his latest episode
