august on Nostr: Lending in bitcoin. Since only 21 million will be made, and some of it will be lost, ...
Lending in bitcoin. Since only 21 million will be made, and some of it will be lost, wouldn't it made sense to lend with regard to buying power? Target, say 5% increase in buying power, not specific amount of bitcoin. If bitcoin goes up, borrower has to return less. But if bitcoin goes down, borrower has to return more. Bootstrap the bitcoin economy, but there's hedging and a return for the lender. Seems like it would be better for the lender than those old coin fountains from back in the day.
Published at
2023-07-10 22:42:22Event JSON
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"content": "Lending in bitcoin. Since only 21 million will be made, and some of it will be lost, wouldn't it made sense to lend with regard to buying power? Target, say 5% increase in buying power, not specific amount of bitcoin. If bitcoin goes up, borrower has to return less. But if bitcoin goes down, borrower has to return more. Bootstrap the bitcoin economy, but there's hedging and a return for the lender. Seems like it would be better for the lender than those old coin fountains from back in the day. ",
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