Row 56138

Row ID: 56138 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 56138 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

There are already Bitcoin loan companies. Several of these filed for bankruptcy around the FTX fall out (my memory is hazy). This is functionally a Bitcoin secured loan (BTC > USD).

So what are you’re proposing, depositing BTC in Coinbase then they loan out 90% of their deposits?

I believe that would be possible, but the risk is immense on all sides. Paying back in BTC could be very challenging with price volatility. The bank would need to be able to sell the note and recoup their reserves.

FieldValue
text There are already Bitcoin loan companies. Several of these filed for bankruptcy around the FTX fall out (my memory is hazy). This is functionally a Bitcoin secured loan (BTC > USD). So what are you’re proposing, depositing BTC in Coinbase then they loan out 90% of their deposits? I believe that would be possible, but the risk is immense on all sides. Paying back in BTC could be very challenging with price volatility. The bank would need to be able to sell the note and recoup their reserves.
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-23
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url_encoded Z0FBQUFBQm5Lak9tRldXWGFSN2hpcFBTaEZvdmw2RndLVTNMdXl1YVZES3JBaXpWc0pMaFZmUW41U0NicklJLVQ5bjV4cWY0eDVHZUN1R3ZXTlB0S29sTEpvVVBraTRqZVlNMWVnSFEzQXVDU1NHcmdkeTJGc1VHU0MzNFJHRkd0RnVZNnJDekg1VGNPWTRENll3NVZNR1NaWk5FNVRzVEZiTGpRRmJrdGc5R3hqNEUzOU4wcU5MUkRqYWZweUVBWk4xN3VwZG1jb0F3LXZMUkFXMUYzc3JJODlOV3MyMFdNQT09

Raw Record

{
  "text": "There are already Bitcoin loan companies. Several of these filed for bankruptcy around the FTX fall out (my memory is hazy). This is functionally a Bitcoin secured loan (BTC > USD). \n\nSo what are you’re proposing, depositing BTC in Coinbase then they loan out 90% of their deposits?\n\nI believe that would be possible, but the risk is immense on all sides. Paying back in BTC could be very challenging with price volatility. The bank would need to be able to sell the note and recoup their reserves.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1XQWdhSlpYS0lEQkFMZFBWazRaRm5jTmtsbUJiV3ZUbndWSmlkVjd1aW1sUUhDbV9rNVZjb2hmZG5jbVQyal9SRVg5Z2tVVEJ3Uk1UOFI3UVJEOWRUeWc9PQ==",
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}
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