Armyguy6902 on Nostr: Short time listener, first time zapper. Love the show and hope to hear many more ...
Short time listener, first time zapper. Love the show and hope to hear many more episodes in the future! A few things about the bitcoin backed loans with salt to note. First, the rates are as high as a non-collateralized personal loan, even though you give one to two times the amount in bitcoin, to be held as collateral. Second, there seems to be no risk on the side of Salt. Your best bet would be to take a personal loan getting just as good of a rate or better with none of the risk. or wait until the space becomes more competitive and you get rates like 2 to 3%. Unless of course you have issues with your credit score in which case you might not be the best person to be taking out a loan in the first place. But maybe there is an example where this is beneficial? Again, I love the content, keep up the good work!
https://fountain.fm/episode/fZOGMio4KH01wXN2r0tu
Published at
2024-12-08 00:10:44Event JSON
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"content": "Short time listener, first time zapper. Love the show and hope to hear many more episodes in the future! A few things about the bitcoin backed loans with salt to note. First, the rates are as high as a non-collateralized personal loan, even though you give one to two times the amount in bitcoin, to be held as collateral. Second, there seems to be no risk on the side of Salt. Your best bet would be to take a personal loan getting just as good of a rate or better with none of the risk. or wait until the space becomes more competitive and you get rates like 2 to 3%. Unless of course you have issues with your credit score in which case you might not be the best person to be taking out a loan in the first place. But maybe there is an example where this is beneficial? Again, I love the content, keep up the good work!\n\nhttps://fountain.fm/episode/fZOGMio4KH01wXN2r0tu\n\nnostr:nevent1qvzqqqpxquqzpuhf4dcts0f099hvj3v7y6uz57ql942sf82nvyh30hecce529aq4m7t7h2",
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