Re:Against Overuse of the Gini Coefficient
by arcticbull on Friday July 30, 2021 @11:45AM
(#28009215)
> Nobody would be crazy enough to take a loan denominated in Bitcoin.
You have too much faith in financial literacy of the participants in this market. [1] It doesn't really matter as much as you may think because they (1) are using these casino tokens to borrow more tokens to buy yet more tokens and (2) they see liquidations as a natural part of such lending.
[1] https://cointelegraph.com/news/are-we-dumb-financial-illiter...
Re:Against Overuse of the Gini Coefficient
by PretzelPirate on Friday July 30, 2021 @09:47AM
(#28007903)
People take loans denominated in both WBTC and ETH everyday.
It's funny how low inflation or even deflation (if you consider 2% to be price stability) caused a rush of money into mortgage bonds and subsequently destabilized fiat currencies and cryptocurrencies try to beat fiat currencies on their way to becoming useless as a medium of exchange and subsequently make it useless for financing via debt.