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A comment on Elizabeth Warren Gives SEC July 28 Deadline to Figure Out Crypto Regulation. Parent comment

Re:Elizabeth Warren Gives SEC July 28 Deadline to Figure Out... by BrissyCoder on Friday July 09, 2021 @10:18PM (#27790608)
What's to understand? I can get a loan on crypto but I have to put the same amount of crypto as collateral. What is the point of this?

If I go to a bank I can get a loan for a car and use the car I'm purchasing itself as collateral.

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Re:Elizabeth Warren Gives SEC July 28 Deadline to Figure Out... by kerng on Saturday July 10, 2021 @04:13PM (#27796109)
That is one product. The benefit is related to growth and related taxation (but might depend on the country you are in).
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Re:Elizabeth Warren Gives SEC July 28 Deadline to Figure Out... by BrissyCoder on Saturday July 10, 2021 @09:19PM (#27797759)
> The benefit is related to growth

Right... so pure speculation then with no underlying utility.

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