Nice to see. I looked at taking a bitcoin loan to buy bitcoin. Price was 90k. This was a couple months ago. I modeled it all out and it didn’t pencil out. I’d only take a bitcoin loan for other things. 13% is way too steep. Makes zero sense. Bitcoin loans should be the cheapest loans out there.

They will be eventually. Take a loan to buy a house. Loan against bitcoin to buy bitcoin is a recipe for disaster unless you can time the absolute bottom.

Respect @jack mallers

People can say whatever they want. What they can’t say is we don’t show up, we don’t listen, we don’t bust our ass, and we don’t care. Keep the feedback coming and let me know how we can help View quoted note →

Yes... Personally. I would probably do 15% margin max. A lot of people are going to lose a lot of bitcoin.

Props View quoted note →

In the flesh. God bless @jack mallers

I would rather see companies honoring the exact terms as set in the loan contracts. The worst case scenario of this can be much worse. People are saying nice to see but where is the skepticism that made Bitcoin what it is today?