4 ms·

there are plenty of ways to lend crypto now, many use etherium

• lisper 3y ago
  Sure. But I was talking specifically about bitcoin, not crypto in general.
  • woleium 3y ago
    You can lend bitcoin on etherium using erc20 defi platforms https://milkroad.com/lend/btc/#:~:text=In%20DeFi%20BTC%20lending%2C%20Bitcoin,demand%20relative%20to%20the%20supply https://milkroad.com/lend/btc/#:~:text=In%20DeFi%20BTC%20len....
    • lisper 3y ago
      Sure, but to lend your bitcoin you have to transfer it to a lending platform, which is to say, to a trusted third party (TTP). The whole point of bitcoin is supposed to be that it does not rely on a TTP. If you're going to trust a TTP to administer your loan, you might as well trust them to keep the ledger too. As soon as you lend your bitcoin you lose all of its purported advantages, including inflation protection. All you're left with is a ridiculously high electric bill.
      • woleium 3y ago
        that’s not true, you can lend over defi using erc20 contracts
        • lisper 3y ago
          You can lend ethereum coins that way. You can't lend bitcoins.
          • woleium 3y ago
            You can lend WBTC, which is nearly the same thing
            • lisper 3y ago
              You and I have different ideas of what "very nearly" means.
              • lebean 3y ago
                Money