#24: Stablecoins & Collateralized Lending

Bitcoin and the Bible

Bitcoin and the Bible and The Bible द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Bitcoin and the Bible and The Bible या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।

2+ y ago 1:12:45

MP3•एपिसोड होम

In episode 24, David, Will, and Simon address the concern about stablecoins distorting the bitcoin market value. Topics discussed include the basics of what stablecoins are, why they exist in our current financial system, and how they relate to the present and future of bitcoin. Further, the subject of collateralized lending is brought forward to examine how Christians can view and use this method of preserving savings while accessing cash flow.

Our prayer for you is that as you study bitcoin, you will grow in your conviction and confidence that it is “sound money” useful for savings and sovereignty in uncertain times for individuals and churches.

Questions for discussion

What are stablecoins, and why are they used?
Should we be concerned about the relationship between bitcoin and stablecoins?
Does the relationship between stablecoins and altcoins increase the risks of centralization?
What is collateralized lending in general, and how is it being used in the world of bitcoin, stablecoins, and altcoins?
How should we understand collateralized lending in light of what the Bible teaches about lending, interest, and debt in general?

Summary

Recognize that the existence of stablecoins is not likely a threat to the long term success of bitcoin
Stablecoins serve a purpose in the current monetary system but may be subject to future regulation and should be handled with prudence.
Borrowing against your bitcoin is a legitimate strategy that can be pursued but must be handled carefully due to the risk of losing your collateral.

Resources Referenced:

Proof-of-Stake and Stablecoins: A Blockchain Centralization Dilemma by Lyn Alden

For a list of helpful books, articles, and other podcasts, check out our website: bitcoinandthebible.com

To e-mail the show: bitcoinandthebible@gmail.com

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#Tech #Bitcoin And The Bible #Bible