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Do you not pay the loan back in Bitcoin? How would you exercise the 300% gain while also paying the loan back?
by karpierz 6y ago
Do you not pay the loan back in Bitcoin? How would you exercise the 300% gain while also paying the loan back?
- rawtxapp 6y agoSo if Bitcoin grows 300%, that means your collateral is now worth 300% more. You can either withdraw a portion of it back to your normal wallet or you can just borrow more against the same collateral. So it's like a credit line that's always appreciating in value. If one day, you need the whole collateral for whatever reason, then you'd pay the loan to unlock it fully and withdraw it.
- MrMan 6y agoAntigravity for finance. The ages long problem of how to integrate debt and money into society is solved.
- deleted 6y ago[deleted]