• cawsby [he/him]
    ·
    3 years ago

    Coinbase has 100's of millions in loans in real money backed by Bitcoin as collateral.

    With 8% APR and the decrease in value of Bitcoin some folks likely owe quadruple or more what they originally loaned from just last week.

    Coinbase is going to go bankrupt. No way in hell even 10% of those loans get paid off.