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Well yeah it’s called regulatory capital for a reason. Banks are happy to provide token services in exchange for mispriced loans from retail to support their no

Well yeah it’s called regulatory capital for a reason. Banks are happy to provide token services in exchange for mispriced loans from retail to support their nonretail biz. It’s cool I can walk into a BoA branch in my neighborhood; in exchange I can’t get a house for less than a million bucks. Number one rule of banking is retail’s getting fucked. Most people would be better off with a narrow bank.

imtringued 3y ago
Nothing stops you from borrowing Bitcoin loans and using that to pay for your house... except the risk that Bitcoin goes up from 40k€ to 60k€ and your loan got 50% more expensive and there you go, your comment becomes pure hypocrisy. The idea that 11 people bidding up 10 houses is going to radically change if you have Bitcoin or a narrow bank is ridiculous. If people borrow Bitcoin for the loan, they will still have to outbid everyone else at exactly the same price measured in dollars, because eleven people are bidding up 10 houses. I am honestly quite tired of nonsense like your comment. If the economy is in general equilibrium, then there is no meaningful difference between Bitcoin and the dollar. If there is no general equilibrium, I would expect Bitcoin to be further away from it than dollars.
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