The Future of Bitcoin Borrowing and Lending w/ Max Kei (BTC177)
ฝัง
- เผยแพร่เมื่อ 16 พ.ค. 2024
- Max Kei, Founder of Hodl Hodl and Debifi, explores the future of Bitcoin lending and borrowing. From industry insights to Debifi's innovative approach, discover the benefits of Bitcoin collateral, multisig security, and fiat loan expansion. Gain valuable perspectives on navigating risks and seizing opportunities in decentralized finance.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:36 - Insights into the evolution of Bitcoin borrowing and lending platforms.
00:09:32 - Understanding the importance of fully collateralized peer-to-peer lending in cryptocurrency.
00:13:16 - Exploration of the risks and benefits of borrowing and lending using Bitcoin as collateral.
00:24:16 - Overview of Debifi's approach to decentralized lending and its unique features.
00:27:11 - Explanation of the concept of "super collateral" and its significance in Bitcoin lending practices.
00:28:43 - Understanding how multi-sig solutions enhance security in Bitcoin lending and borrowing.
00:31:58 - Insights into the potential benefits for users when utilizing a decentralized lending model.
00:39:26 - Preview of the expansion of fiat loans on Debifi and its implications for users.
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@preston - whats the handle for Max on X?
Just reached 500 thousand. Thank you for all the knowledge and nuggets you've thrown my way over the past months. Started with 60k last month 2024..
I will mention and recommend
Wendy Lee Olson. I met her at a conference in 2018 and we have been working together ever since…
I will advise you to stop trading yourself if you keep losing. I didn't trade alone anymore, I always needed help and assistance.
Yes!! That's exactly who she is, Wendy Lee Olson. Many people have praised it and I am just starting out with it from Australia 🇦🇺 ..
For me with insights from Wendy Lee Olson. I prefer investing in large-cap companies that generate a lot each month, have great cash flows and strong balance sheets.
After the first time I worked with Miss Wendy Lee Olson, I was able to increase my business with her, bought a new house and car here in the US and also paid for my son (Kane)'s surgery
Love the idea of Bitcoin as a super collateral
Except it is more expensive to borrow against, than traditional lending sources. One would think that pristine collateral would produce the most favorable terms… maybe in the future
Bitcoin definitely has the characteristics to make it the best collateral on the planet. Just needs the price to go up
Only (and legit) way to measure the real value of bitcoin, is to price in bitcoin.
1 bitcoin is equal to 1 bitcoin which is the highest value it may get.
Corrupt fiat is not valid pricing mechanism.
Anything can seems to be going up, as fiat causing itself to go through hollowing process...
It’s not a “how to” or “bitcoin for dummies” it’s two guys well versed in bitcoin and finance discussing the state of lending, risks and rewards. If you’re not interested, don’t understand financial terms like collateral, rehypothecation, custody, etc and don’t understand multi-sig, then of course it’s all gonna be Greek to you.
Bitcoin has so many features that make it unique and an asset class of its own that the main thing people need is to hear about it over and over again stated lots of different ways by different people. That’s what this is and there’s a tremendous amount of information here if you’re interested in learning.
I appreciate that it challenges me to learn more. At an embarrassingly late age, I have learned about economics and the financial system through the lens or entry point of Bitcoin, ironically. I’m retired and Bitcoin keeps me feeling young and optimistic.
If you’re into BTC you must subscribe to this podcast! Thank you Preston for such high quality content and keeping us updated with this amazing ecosystem!
18:00 “Bitcoin is fractal.” Love this. Similar price, hash rate patterns at different scales. Well done. This answers George Gammon’s question, “…how does a BTC world generate yield?” The good news is credit can be collaterized to reduce risk premium to levels close to zero. But because of price volatility, it’s understandable that loans based upon BTC must be over-collateralized.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Excellent interview. Thanks Max for your work to make available (to us bitcoiners), loans against our bitcoin that is both fair and safe! Exactly what I'm looking for.
Celcius PTSD never borrow against your btc
Do you work with Credit Unions for this service or are they not able to do this? I have 3 different CU accounts and I want them to get involved for our members benefit!
Thank you so very much for turning me onto to RIVER!!!
thoughts on LEDN?
I spoke to them 3 or 4 times in the last 18 months on their BTC Mortgage product, they say they are still working on it.
Good point.
How does Hodlhodl ensure a blacklisted bitcoin is not used as a collateral?
Thank you for the mindblowing podcast! Thanks to you dear Preston and Max, I feel like my bitcoin investment thesis finally gets shape and essence, ‘cause it
was purely based on faith and sympathy in bitcoin before. ‘though I wanted to reflect on one particular point which Max raised. It was about yield generation in Bitcoin. He said everyone can buy bitcoin, put it in hardware wallet and wait 4 years to generate yield. If someone bought bitcoin back in December’17 at 20K $ then 4 years later he/she would have enjoyed Bitcoin at 46K $ in Dec’21, that’s given. However, one year later, in Dec’22, her/his yield would have gone away with the Bitcoin at 16K $. It doesn’t sound like a yield generation to me at all, does it?
Can you get BTC rewards with a Bitcoin credit card yet?
No credit card that I know of but there is Fold. Prepaid debit card that gets you 1.5% back in BTC on most purchases plus more if you buy gift cards through them
Having a "3rd party company" generate a multi-sig wallet, that I send my btc to is full of risk.
How about I do the multi-sig and send keys out to the relevant holders, at least I can be sure of that part.
Even when a proper verifiable multi-sig is done, having 50% over collateralized, and paying interest at a rate between 14% - 20% pa on the loan is so bad I wouldn't touch it.
We have a long way to go before this is mature enough to use securely and with enough financial benefit to the borrower.
Wake me in 8 years.
*Great Video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach*
I feel sympathy and empathy for low income individuals who are struggling to survive. If it weren't for my investments with Brenna Taylor I wouldn't be where I am today.
This is not the first time I am hearing of this woman and her exploits in the trading world but I have no idea how to reach her?
I'm a beginner. How can i reach out Brenna Taylor?
she's mostly on Telegrams, using the user name
*@TRADEWITHBRENNA*
Great information gentlemen; when is the app coming for IOS?
We here !!!
Nexo has done the heavy lifting for WS .. yes, my BTC there is rehypothecated, but only to over collaterized contracts.
I can borrow $$$ and always keep my LTV around 10% of the portfolio while never selling my BTC and earning a small yield!!!!
🔥🔥🔥
No mention of Ledn. Why?
Could Runes drag down Bitcoin?! Then misuse of the fields could cause the protocol to reject certain transactions ?!
Unchained Capital was the best/safest lender but it abandoned retail investors for corporations
We want the yield so we don't have to sell the asset. That's all. Would be good to use it as as real estate
I hate rehypothecation for it introduces systemic risk and it circumvents Bitcoin's scarcity. However, the volatility of Bitcoin has been dropping so that traditional lenders MIGHT not get destroyed as has happened every other time in the past when bitcoin drops 80 percent and there is a run on the store and the lender didn't have your bitcoin readily available for it was lent out to short sellers. With that model, they get destroyed with heavy volitility but with the muted drawdowns we've experienced this cycle, they might not get baked. I'm not advocating for traditional lending for I like the over collaterilization multi sig approach, I'm just saying we can't assume the big boys would get wrecked as quickly or with the same certainty as before when the liquidity pool was shallower and volatitlity higher.
👍
since btc is deflationary i dont want my btc collateral to be ever liquidated no matter the price instead i would like to borrow and never payback ... i dont mind having my btc in perpetual collateral so as long as i dont see that i am not going to collateralize it... on the the other hand we can borrow to infinity following this concept like if we think btc is going to 1m in 10 years for example then im happy to collaterize and borrow 1500% on my btc with a current price at 70k... that will change the world in terms of speed of progress and innovation cause it will open the gates of fiat money ofcourse this can only happen if the banking system will tolerate it...but i believe its gonna happen
Great video my friend!! I'm a beginner. I don't understand indicators that are used. Any guide or advice you wanna give me?? How to read indicators properly?? HOW CAN I MAKE MONEY FROM CRYPTO TRADING??
As a beginner I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment Without any extra fees attached
Bitcoin is on it way to breaking records.I don't think any coin can come close to Bitcoin at all. Seems you are a beginner, you should seek a guide
I lost about $150k day trading on my own. This things can be so complicated with a proper help. I'm excited whenever his video pops up on my phone
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses
Well, it's best to connect with a true market strategist in order to avoid missing such opportunities and maintain steady gains and profits from the market. I always knew it was a good move
If Wall Street tries to exploit BTC like they did with Mortgages and CDOs, their collapse would be the greatest show the average hardworking layman has been waiting for. Which inturn will increase BTCs importance even further and cause unprecedented chain reactions in the financial markets
I had to shut it off.
A lot of talking to say very little and a lot of use of vague financial terminology... financial people just can't speak in a few clear sentences.. best to submit this to AI and have it summarized.. many of us out here are not in the financial system and are trying to make sense of these things ... this is more of a long chat between friends over lunch than a helpful video .. but the concept and topic were well selected
Don't blame others for your own ignorance. Many people are perfectly capable of understanding everything they talked about, and for us, it was a very informative discussion. Maybe spend more time learning and less time complaining about podcasts not meeting you at your exact level of ignorance
No, cat is right. These guys are just hanging out talking. This has no business being published on TH-cam 😂
@@skatemore33 you must have a lot of time on your hands .. the information density is low here .. not complaining about the topic or complexity .. but as Einstein said, if you can't explain it in simple terms you don't understand it .. using a lot of flowery language is not the same thing as being able to teach a topic to lay people .. I have post-doctorate degrees and am trained in engineering and medicine and I recognize thesaurus-speak quickly .. we have these same issues in our own fields and tune these people out quickly when they cannot get the point out without using clear and linear reasoning
@@cathompson58you sound new to the space.
@@0tristan560 - 66 yeaars old and have been heavily involved with computers and technology all my life ... I don't have a business degree but have been interested in finance for decades and have a brother with a degree in this ... but as a person in highly technical fields I like concise and clear thought when these things are discussed in public forums .. many people are impressed with vague, flowery language but I am not
My bank won't steal mine!!! I got fidelity!!! Don't use a small bank! You will always loose 😅😅😅
What is the best way to make money from crypto investment as crypto is turning around massively.?
I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment without any extra fees attached
I personally employ Ms. Evelyn Turner as my t'rader. Her ability to t'rade and produce big pro:fits, in my opinion, is excellent.
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses.
@@francisluis831
Really you actually knew her?I thought I was the only one she has helped me through the fears and falls of trading
Seeing a remark regarding my manager Evelyn Turner is quite energizing. It was just like this when I first met her a few weeks ago. Having started with just 4k about 2-3 weeks ago, I have already made it to 21 k. She is very remarkable!
BLABLABLABLABLABLABLABLA🤷
Influencers should talk more about other Bitcoins,
BTC obviously, but also discussing Bitcoin Cash which shares the same genesis block as BTC, same 21M total supply, same halvings and the same miners.
There is a place for cheap, fast L1 transactions and priced at 2016 Bitcoin range BCH could provide investors with a long term opportunity.
Much like BTC the recent halving of BCH has reduced the newly mined coins to only 450 a day, the potential upside for holding a few and sitting on your hands for a few halving's isn't something BTC channels are prepared to discuss with their audience.
People are sick of cancel culture
BCH is trash. Go shill that garbage elsewhere
Nope. You get one chance at getting this right. Governments the world over are coming for our freedoms and Bitcoin is our best answer to central bank digital currencies and to the debasement of the dollar which steals from your life's work. Bitcoin is freedom money, everything else is a distraction. Good luck to you.
Fuck off BCH, there’s no second best! 😂😂😂
No. There is no second best.
That's dumb, if there were no other crypto's it might make some sense. @@sethbracken
“This is crazy. This is unbelievable.”
He really knows how to ham it up, doesn’t he.
Sounds interesting, perhaps in 20 years I'll think about it 😂