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Dylan
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Dev keen on Bitcoin & Nostr

Nuptober #bitcoin

π”‘π”¬π”°π”±π”―π”£π”’π”žπ”²

Money printer go brrrr #bitcoin

Next up a nostr #esp32 project

#bitcoin standard lending conundrum:

Let’s say you earn in bitcoin, and want to take a loan in bitcoin to purchase a property.

If the purchasing power of bitcoin is always increasing, your salary and value of the property would always be decreasing in bitcoin terms. Imagine a 30 year mortgage, this means you would eventually default on the loan as your salary in bitcoin terms would continually reduce failing to keep up with the minimum repayments. After the bank inevitably liquidates the property, there is still a significant outstanding balance on the mortgage in bitcoin terms. Which I suppose banks would be less likely to issue large loans? Maybe lending is just too risky in a depreciating currency?

Sunset last night in the north of Bali. #bali #senset #travel #indonesia #travelstr