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Re:Against Overuse of the Gini Coefficient by imtringued on Friday July 30, 2021 @07:27AM (#28006796)
Banks offer loans which help finance businesses. You have a pretty direct connection to people that actually work in the real economy. They are the ones that are paying the loans back after all. Nobody would be crazy enough to take a loan denominated in Bitcoin. The Bitcoin community is basically dedicated to making it impossible to repay debts. Just think about it, every HODLer that joins the community makes it harder to repay your debt because they will never spend their Bitcoin on things your company produces.

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.

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.