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What's to understand? I can get a loan on crypto but I have to put the same amount of crypto as collateral. What is the point of this? If I go to a bank I can
by BrissyCoder 5y ago
What's to understand? I can get a loan on crypto but I have to put the same amount of crypto as collateral. What is the point of this?
If I go to a bank I can get a loan for a car and use the car I'm purchasing itself as collateral.
- kerng 5y agoThat is one product. The benefit is related to growth and related taxation (but might depend on the country you are in).
- BrissyCoder 5y ago> The benefit is related to growth Right... so pure speculation then with no underlying utility.
- deleted 5y ago[deleted]