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That’s not how you use that kind of wealth. You take loans with the fortune as collateral… come on that’s pretty basic stuff
by khalic 6mo ago
That’s not how you use that kind of wealth. You take loans with the fortune as collateral… come on that’s pretty basic stuff
- randerson 6mo agoYou still have to pay the interest from somewhere. And presumably you'd need to put the coins into some kind of escrow so that the lender can get their money back even if you conveniently forget your private key.
- prettyblocks 6mo agoIn this case it's not basic stuff. You would need to prove that you own the actual bitcoin or transfer it for it to be collateral on a loan. It's the same as spending it.
- khalic 6mo agoWhy are you framing this as the only solution? There are many many other ways to secure a guaranty