Yr point is well made but so also is the response by deeznuts (nprofile…yrrr)
It's possible to safely and privately borrow against BTC collateral by using a non KYC platform such as @hodlhodl (nprofile…j0e3) and by maintaing a very conservative LTV ratio that would keep you safe from a margin call against most conceivable flash crashes (eg it's very unlikely we would see a crash to below 30K now). Also, only borrow against a small fraction of your BTC that you can afford to lose even in the very worst event (eg only borrow against 1% of yr total).
/ Callum
npub1wu…eha2m
2025-05-08 00:54:30
in reply to nevent1q…26n6
Author Public Key
npub1wucnc53kjjlue2s9qdqppan3gczqnququalp8hhd5sxuj9p8aafs9eha2mPublished at
2025-05-08 00:54:30Event JSON
{
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"pubkey": "77313c523694bfccaa05034010f6714604098380e77e13deeda40dc91427ef53",
"created_at": 1746665670,
"kind": 1,
"tags": [
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"mention"
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[
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"content": "Yr point is well made but so also is the response by nostr:nprofile1qqsg4mwgw9sgr8jfpjcpv2ktmry6ymteuc7mwn6mrdje8yqjjf987pgpz4mhxue69uhk2er9dchxummnw3ezumrpdejqz9thwden5te0dp5hxapwdehhxarj9ekxzmny6tyrrr \n\nIt's possible to safely and privately borrow against BTC collateral by using a non KYC platform such as @nostr:nprofile1qqszw0ncsrfc6wd8lv3cal8cj4apkke8aqv3y75ys05h2st2p2g035sprpmhxue69uhkzum5wfskctnwdaehgu3wd3skuep0qythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp08wj0e3 and by maintaing a very conservative LTV ratio that would keep you safe from a margin call against most conceivable flash crashes (eg it's very unlikely we would see a crash to below 30K now). Also, only borrow against a small fraction of your BTC that you can afford to lose even in the very worst event (eg only borrow against 1% of yr total).",
"sig": "b8f300c680e31bc40fdb956a911cc38b8c686a859abd4b5f485319196ed8720e8582260d31e076c5ec031c625537a397b4009ac6a859f0e975f212bcb4011020"
}