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134 sats \ 1 reply \ @freetx 23 Oct \ on: I’m pouring my foundation … ideasfromtheedge
The problem with all these products is the interest rates are absurdly high. This is a FULLY COLLATERALIZED loan - there is no practical risk to the lender (other than term), so there is real reason why interest rates need to be 12% or whatever...
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21 sats \ 0 replies \ @BlokchainB 24 Oct
Yeah this is solid point but think about it in btc terms! You can buy more BTC at lower prices then if BTC grows faster than the APR you win. If it doesn’t well you still stacked sats right?
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