What happens if you loaned out 1 BTC worth $65k
And the cost of 1 BTC rises to $1m, before the borrower can pay it back
Is the borrower just fucked? Or how would that play out?
Is than an intended feature of Bitcoin?
So that we’re incentivized NOT to lend money to each other, knowing deflation is inevitable and it might be impossible for the borrow to pay back that same slice of the pie in the future?
Idk
z1 /
npub1wk…04k0y
2024-03-15 20:05:18
Author Public Key
npub1wktlxsdlywlqaavtt833aajad4v9qf72uy3lv3y08zffdal642nqg04k0yPublished at
2024-03-15 20:05:18Event JSON
{
"id": "c6822ca782108de616792d1adc0a3936d07d8ade859679bd8b875ff92f750168",
"pubkey": "7597f341bf23be0ef58b59e31ef65d6d585027cae123f6448f389296f7faaaa6",
"created_at": 1710533118,
"kind": 1,
"tags": [],
"content": "What happens if you loaned out 1 BTC worth $65k\nAnd the cost of 1 BTC rises to $1m, before the borrower can pay it back\n\nIs the borrower just fucked? Or how would that play out?\n\nIs than an intended feature of Bitcoin? \nSo that we’re incentivized NOT to lend money to each other, knowing deflation is inevitable and it might be impossible for the borrow to pay back that same slice of the pie in the future?\nIdk",
"sig": "a40dea6009a3c71fe0ee7565b68324b65b3e359c006f405350c40ff6540cafc98f5d9b2cc432a8e512db54ff8770b9d1ab1630119b87a87d2afa67a8685c8edd"
}