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21 sats \ 1 reply \ @crrdlx 21h \ parent \ on: The Future Of Bitcoin Lending? bitcoin
Fair enough about the car and loan. I should have chosen house or something bigger. Or better, something that can't be repo'd, maybe a loan to pay for a huge wedding.
Yeah I think the Bitcoin loan thing will be fiat loans against Bitcoin.
The one area that has not been explored yet to the best of my knowledge is Fiat loans for the express purpose of buying Bitcoin. Amortized over a long term like a mortgage. A 2-3 multisig is PERFECT for this. The borrower defaults on the payment and the lender and the third key holder just take the payment out in sats. You don't have to sell a house or tie up the courts.
Many people would borrow $100K USD right now to get in at a whole coin, if they can pay back a 5% loan over 10 years or whatever.
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