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by rfd4sgmk8u
1864 days ago
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In the world of hard money (bitcoin), leverage is extremely dangerous, you may never be able to repay the loan. You would not want to borrow a house worth of bitcoin in a 2nd mortgage -- you could never pay it back! In the legacy financial world, 2nd mortgages just lead to private inflation of the fiat money supply (the money is being conjured out of nothing to pay for an asset that was already paid for). Nothing is produced, except some energy is burned updating centralized databases. Having systems where both realities exist is great.
I'm a fan of hard money. It is honest. |
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