Hacker News new | ask | show | jobs
by rspeele 1941 days ago
Yeah, using the magic of DeFi I can easily get a loan for $100K with no bank approval and no wasteful bank employees checking my credit.

All I need is more than $100K worth of crypto assets I can tie up as collateral for my loan. So I'll be able to buy a car or a house, as long as I have more than enough money to do so already. Banks don't know about this one weird trick that makes them obsolete!