{"type":"rich","version":"1.0","author_name":"Marc (npub1ma…tf3g0)","author_url":"https://nostr.ae/npub1marc26z8nh3xkj5rcx7ufkatvx6ueqhp5vfw9v5teq26z254renshtf3g0","provider_name":"njump","provider_url":"https://nostr.ae","html":"I don't think bitcoin backed loans are a good idea given the risk to reward ratio.\n\nThey make sense if you calculate the EV in a vacuum. The problem with risk is that it's not limited to your mathematical models.\n\nYour math might be correct. Risk 10% of your stack. If the price drops by 40%, just add more collateral. **What could go wrong?**\n\nA backdoor in your calculator. That's what can fucking go wrong."}