Bitcoin is a Black Hole to the Global Banking System w/ Peter Dunworth
Blockware Podcast
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How to Borrow Bitcoin
One Bitcoin we all expect to be worth about 10 million dollars. If you give your Bitcoin to the bank they take that as collateral and say thank you very much here's a million dollar loan. With that 10 million dollar collateral they can then 20x the lending on that so they can then lend out based on the basil three accords. They're now making one or two percent on the 200 million they're making somewhere between two and four million dollars it makes sense for them to pay you a hundred thousand dollars a year for access to that capitalOkay, this is just on the bank how they will pay us to borrow money which is a slightly different thought.
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