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RE: Blockchain - based loans. Safe, affordable, transparent.
I see a big problem with this. If you lend someone 1BTC and want it back in 1 year at even as low as 10%. What happens when BTC goes on a massive bull run.
Example
1btc = $6500
You want 10% = 0.10 btc
Total repay = 1.10 btc
What if the price at the end of this rises to $20k
Your repayment on $6500 is $22k.
Thats why borrowing money accross forex is very risky.
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Price volatility is a disadvantage. It is worth considering lending in another currency, not in bitcoin. It is important to properly assess your risks.