SLP387 Tuur Demeester - How Does The Panic of 1907 Relate to Bitcoin?
Stephan Livera Podcast
00:00
Is the Business Model Inherently Bad?
i think there will be an entire industry built around lending bitcoin for a fixed amount of time and then getting it back with interest, like that's a traditional loan. But unfortunately, people are not educated, so they just think that this is how banking works. So what we're seeing now is how wrong that can go. If you lend to bicoin miners, for example, that can go really wrong. And the idea would be that if we were right, thet bitcoin was undervalued and price o go up, then you have a dollar profit.
Transcript
Play full episode
