yes and no. obviously, banks will not be able to lend bitcoin on chain in a credit ...

npub102m…asul

2025-01-22 19:30:41

in reply to nevent1q…7wp8

yes and no. obviously, banks will not be able to lend bitcoin on chain in a credit based system - bitcoin makes this impossible. so banks will have to come up with some way of lending you money tied to bitcoin. but i think there will be an open market for risk (aka interest rates). the cheaper it is to borrow money for the customer, the more risk there will be involved. once banks start custodying bitcoin (now that sab 121 is pretty much abolished), they will need to start thinking about a business strategy. so they can 1) charge you for storing your bitcoin, or 2) do it for free because they can use your bitcoin elsewhere. since they "hopefully" are not allowed to move your actual bitcoin - let's pretend that's part of yur deal with them - they'll have to issue something else to work with. similar to how paper money emerged from gold certificates back in when dinosaurs roamed our planet.

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