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/biz/ - Business & Finance

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30031641 No.30031641 [Reply] [Original]

Would I have to pay back $250,000,000 on the loan in 2024?

>> No.30031992

>>30031641
Yes. It would have been better to use the BTC as collateral

>> No.30032027

Market down 7%, $MCM up 70% =)))

>> No.30032101

I feel bad for this guy. Imagine losing the genetic lottery this hard and having to live with it for your entire life.

>> No.30032174

Is this a human bean?

>> No.30032250

>>30032174
https://www.youtube.com/watch?v=KwSLeAd7wVo

>> No.30032277

>>30032174
That’s Bantu Holomisa the President of the South African United Democratic Movement

>> No.30032337

>>30031641
Assuming you agreed to pay 100,000 BTC, you'd have to pay 100,000 BTC.
Unless the loan had special terms in "US Dollar value" or something.

Also, based on your math ... you think one BTC will be worth $2500 in 2024?

>> No.30032354

>>30031992
How does one do that?

>> No.30032356
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30032356

>>30031641
>"news"
>man mocked on instagram

>> No.30032391

>>30032337
I don't know what it would be worth, it could be worth a billion fucking dollars, I just don't think anything this volatile is ever going to work as an alternative to the financial global system, I mean I keep on trying to wrap my head around it.

>> No.30032437

>>30031641
dios mio, la creatura

>> No.30032634

>>30031641
Thats what ampleforth is for

>> No.30032777

>>30031641
he can always claim that BSV is the real bitcoin

>> No.30033120

>>30032777
Checked.

BSV is the real Bitcoin.

>> No.30033149

>>30032634
If not that there would obviously be other stablecoins. and it doesn't even have to be pegged to fiat. Maybe an economy that doesn't revolve around credit would be better anyway.

>> No.30033162

>>30032634
>That's what this fucking thing is for, this what that's fucking thing,
Everyone and their dog has this great big fucking idea on how to fix their coin with bullshit.

>> No.30033220

>>30033149
Except for the fact that all the de-fi fucking retarded credit cards run into the same problems


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https://www.ft.com/content/1ce89fb7-f0f4-4dcc-994d-713745c4e16a

Nexo, another crypto-finance company, will lend fiat cash against Bitcoin, at a60 per cent loan-to-value ratio. That loan is brand-new credit money. Likewise, Kraken Financial, a crypto-coin brokerage, will let you trade on a so-called margin account in which they’ll lend you part of the purchase price of a coin.

The language of these companies is all revolutionary. BlockFi promises the “future of finance”. Coinbase, a cryptocurrency exchange that filed for an initial public offering on Thursday, wants to “create an open financial system for the world”. What they all actually seem to do, however, is earn fees and interest on loans. They manufacture fiat credit money. Why wouldn’t they? It’s good business.

>> No.30033258

>>30033149
https://archive.is/RT1ZW

>> No.30034284

>>30031641
Now you realize why rich people like inflationary currencies.