Bitcoin Can Be Super Collateral If Lenders Understand Its Value By Max Keidun CEO of peer-to-peer bitcoin exchange Hodl Hodl, Max Keidun, has written an opinion piece stating that recent issues in the bitcoin lending space, including the Terra/Luna crash, liquidity crunches and accusations of market manipulation, are not the fault of bitcoin itself.
Keidun argues that the problem is with the custodial lending platforms, which are "trusted third parties, owned and managed by private entities," and are therefore "security holes."
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He suggests that the industry does not understand how yield is generated, and that bitcoin should be treated as super collateral, due to its liquidity, programmability, scarcity, flexibility, transparency, sovereignty, security, global acceptance, censorship resistance, network effect and decentralized governance. |