4 ms·

Same here, it took me a while to understand why anyone would get an over-collaterized loan until it just clicked, then I was like this is the future, it doesn't

Same here, it took me a while to understand why anyone would get an over-collaterized loan until it just clicked, then I was like this is the future, it doesn't make any sense to sell the most valuable and appreciating asset ever, but you can still use the money from it.

phamilton 6y ago
> sell the most valuable and appreciating asset ever What happens when it stops appreciating? Or is the premise that bitcoin will alway outpace interest rates?
- rawtxapp 6y ago
  In the short term it could do anything, in the long term you'd expect it to constantly appreciate. It's a scarce/deflationary/limited supply asset which is compared against an endless money printer.
  - phamilton 6y ago
    The 2008 financial crisis in a nutshell
- loeg 6y ago
  Margin call.