If dollar inflation is > 15% over the term of the loan you win plus you get the collateral back, including btc price appreciation. It's a good deal if you don't get rugged.
Risk-adjusted...maybe not such a good deal. But that's the rub. How do you really know what the risk is?
OK sure but then you don't have a dollar short position. The advantage of a btc backed loan is that you can pay dollars to get your bitcoin back at the end of the loan term. The interest rate is brutal tho. You need a lot of inflation to make the numbers work and the custodial risk is 💀.
Arch is another provider. Single sig custodial w/ similar interest rate. Newish company, hasn't been thru a full cycle yet. Maybe 16% apr.
Phoenix wallet is amazing.
this is me right now
https://www.theonion.com/man-says-fuck-it-eats-lunch-at-10-58-a-m-1819574888
IIRC they are planning to build a variety of form factors including heating appliances. Current ASIC manufacturing caters exclusively to data centers. You can look at the rapidly growing ASIC cottage industry to get a preview of the market demand.
Congrats jack. The importance of this endeavor will become increasingly clear over time. I am proud of what y'all are building. Fills me with hope. 🧡
This will be crucial to the health of bitcoin when China transitions from signaling military belligerence to enacting military belligerence.
lol yeah they are pretty easy reads
Love that pulp sci fi. I have read many books in the Mars series. My high school English teacher hated it. :)
Being well rounded helps you be a good parent. Good parenting helps you be well rounded.
I never use in flight WiFi b/c I am a cheap ass. :D
I prefer to get more acquainted with a good book. I finished Broken Money in the customs line. 🤙
Tell me again how terrible ecash is. I can't hear you over the sound of winning.
More fedimint funding.
this post brought to you by a guy who just wasted two hours to find out the order of imports was wrong