I'm a big fan of both of these guys. I've read every Saifdean book and highly recommend them to all. I hope we see more concrete strategies in the next 2 decades as how to solve borrowing against your cold storage.
Digital signatures can prove that you own a Bitcoin. It might be something you can put forward as collateral from a digital signing point of view and if that situation changed, you had to pay off the loan immediately under the agreement.
Agree. Unchained has a pretty good product but you can’t borrow as an individual (works if you have a business or LLC account). You hold a key, Unchained holds a key and another entity holds the third key in a two of three for the Bitcoin collateral. If you keep the loan to value low enough you shouldn’t have to post additional collateral due to market swings. Basically zero risk to the lender. Also the interest rates are a bit high for those loans. Hopefully that changes in the future.
I'm a big fan of both of these guys. I've read every Saifdean book and highly recommend them to all. I hope we see more concrete strategies in the next 2 decades as how to solve borrowing against your cold storage.
Digital signatures can prove that you own a Bitcoin. It might be something you can put forward as collateral from a digital signing point of view and if that situation changed, you had to pay off the loan immediately under the agreement.
Agree. Unchained has a pretty good product but you can’t borrow as an individual (works if you have a business or LLC account). You hold a key, Unchained holds a key and another entity holds the third key in a two of three for the Bitcoin collateral. If you keep the loan to value low enough you shouldn’t have to post additional collateral due to market swings. Basically zero risk to the lender. Also the interest rates are a bit high for those loans. Hopefully that changes in the future.