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As a very specific example, I can go to a bank with my W-2s and credit history and get a mortgage. That’s a complex and valuable decades-long relationship they’
by LVB 2y ago
As a very specific example, I can go to a bank with my W-2s and credit history and get a mortgage. That’s a complex and valuable decades-long relationship they’re facilitating.
- smoovb 2y agoIt's not hard to imagine your tokenized income stream and tokenized assets, algorithmically qualifying you for a defi loan with out need for some guy at a physical desk in a physical building. Hence it's also not hard to imagine the economic value you attribute to banks, as value eventually accruing to crypto.
- stouset 2y agoOne important difference here is I don’t have to imagine a mortgage. Bitcoin proponents always talk about how it has the potential to do x, y, and z. Okay so do it already.