Yeah agree on this. Someone just sent some companies and rates are like 10-13%… come on.
https://youtu.be/xplz6eGFcYE?si=tbUy54WEZog0iaY1
Check this out. I think about 20min in he talks about what it will look like with Peoples Reserve
I'm uncertain of the risks as I haven't looked into it too deep. But there are at least two (probably more) companies that offer these kind of loans already.
LEDN (Canadian company)
and
nostr:npub19yfzme2usrukjgwxs3eekfnj5xhnarygpqjr2m48agsvvgz32ggqhymc68 (European based I believe)
The interest rates seem so high here. The way that Peoples Reserve talked about it, you’d get half the interest rate of someone that didn’t have the Bitcoin as collateral. Aka you buy your home and have a 6% rate vs, buying your home and adding BTC as collateral, now you have a 3% rate. Seems appealing, just need to see the fine print.
Someone explain to me the downside risks of Bitcoin collateralized loans?
Seems super interesting to me if the rates are right. Been watching @jack mallers and CJK talk about the potential coming up here in Q1/Q2
When is the NOSTR CEO going to come out and post about the sensorship policy?
Price predictions for top price
2025 - $200k
2026 - $100k
2027 - $175k
2028 - $500k
7 years since the last snow here. Thing of beauty.
Or just port it all in at once
The US printing machine after the next four years.
What happened with the FDIC files being released proves that you can’t stop Bitcoin.
It is IMPOSSIBLE. The most powerful people in the world try to debank those that opt out and now lose their positions as a new admin comes in. You either bow to Bitcoin or you get out.
This hype around the US selling the Silk Road BTC could lead to one of the best buying opportunities of all time.
Bitcoin’s risk adjusted value is unlike anything I’ve seen. Please dumb so we can gobble it up. Weak hands to strong hands.
Small orange pill now or big fat one later. Your choice.
Love it. I’m very curious to see how this app continues to develop this year, but liking what I’m seeing so far.
Late to this but can’t thank you enough for what you’ve done for me and my family. I sent one of my best friends your pod on WBD and he called me and said I finally get it. He was able to articulate everything you have been laying out for years and why even though we should have deflation, we live in an inflationary world. Can’t wait to continue to learn more in 2025
How it feels while living stuck in the matrix of the US dollar system vs. Bitcoin
Starting over on NOSTR is so wild to me. You feel like a fake account on X with no followers….. then you post and someone zaps you because they find it insightful or interesting….. then you’re hooked.
Think about this… only a few years ago a group of people inside a company decided who was relevant by giving them a blue check mark and then making sure the algorithm showed their content as it was more relevant than others that the small group of people didn’t deem blue check worthy.
LMAO. We really did that.