Re:Man behind viral fake currency shocked by its success
by lisper on Wednesday March 13, 2024 @05:04AM
(#39689372)
Sure, but to lend your bitcoin you have to transfer it to a lending platform, which is to say, to a trusted third party (TTP). The whole point of bitcoin is supposed to be that it does not rely on a TTP. If you're going to trust a TTP to administer your loan, you might as well trust them to keep the ledger too. As soon as you lend your bitcoin you lose all of its purported advantages, including inflation protection. All you're left with is a ridiculously high electric bill.
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Re:Man behind viral fake currency shocked by its success
by woleium on Sunday March 17, 2024 @04:43PM
(#39737885)
that’s not true, you can lend over defi using erc20 contracts
Re:Man behind viral fake currency shocked by its success
by lisper on Sunday March 17, 2024 @08:08PM
(#39739208)
You can lend ethereum coins that way. You can't lend bitcoins.
Re:Man behind viral fake currency shocked by its success
by woleium on Monday March 18, 2024 @10:14AM
(#39744841)
You can lend WBTC, which is nearly the same thing