DrZhivago on Nostr: I think the largest difference is the ability to fractionally lend can be divorced ...
I think the largest difference is the ability to fractionally lend can be divorced from the ability to custody.
If you have BTC on-chain you can be certain it is in your custody. Whereas in a bank, the custodian can default and lose what you thought you had.
Fractional lending will certainly continue to exist, but blow-ups can be more localized instead of systemic. Lending will become opt-in.
Published at
2024-09-05 00:49:08Event JSON
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"content": "I think the largest difference is the ability to fractionally lend can be divorced from the ability to custody.\n\nIf you have BTC on-chain you can be certain it is in your custody. Whereas in a bank, the custodian can default and lose what you thought you had.\n\nFractional lending will certainly continue to exist, but blow-ups can be more localized instead of systemic. Lending will become opt-in.",
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