Like, if you give someone a mortgage today, the land and the house have X resale price and that usually goes up with time, so selling the house later would recoup the loan and the interest on the loan, in nominal terms.
But if you give someone a mortgage under the Bitcoin standard, the land and the house might go down in price over time, so selling the house later would lead to a loss. The collateral backing the loan declines in value over the life of the loan.
Laeserin / Laeserin (Silberengel)
npub1m4…jc2jl
2024-06-18 05:57:57
in reply to nevent1q…4465
Author Public Key
npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jlPublished at
2024-06-18 05:57:57Event JSON
{
"id": "71b9475fb61a7e425c5f259de123fe112d60f054e96b82291f83a87f7bd2375d",
"pubkey": "dd664d5e4016433a8cd69f005ae1480804351789b59de5af06276de65633d319",
"created_at": 1718690277,
"kind": 1,
"tags": [
[
"e",
"825ede31bf5de9a7c3f7b6cc816917e81ad0d69f0889425d4e583aae17357bea",
"wss://theforest.nostr1.com/",
"root"
],
[
"e",
"825ede31bf5de9a7c3f7b6cc816917e81ad0d69f0889425d4e583aae17357bea",
"wss://theforest.nostr1.com/",
"reply"
]
],
"content": "Like, if you give someone a mortgage today, the land and the house have X resale price and that usually goes up with time, so selling the house later would recoup the loan and the interest on the loan, in nominal terms.\n\nBut if you give someone a mortgage under the Bitcoin standard, the land and the house might go down in price over time, so selling the house later would lead to a loss. The collateral backing the loan declines in value over the life of the loan.",
"sig": "30d06b35e06ae25ce7bce641a35962245e9b55dd4a9347b0e48b01588099f20382418dfc70670e276a5a67e1f0443f86732666a7b9d53f68575445f001329df8"
}