This is step one in bringing bitcoin to real-world transactions in a bottom-up manner – no banks, no brokers, just issuers and investors. With some support around this, maybe via deposits or even a DAO structure, we’ll integrate with real cars and our regulatory infrastructure. I initially expect people taking USDC loans against their BTC from THORchain and using that to fund these leases. Eventually want to take this to Merlinchain or allow people to create ECON stablecoin against a pool of platform assets which they can then lend directly to BTC holders with in-house DLCVM tech and share risks/rewards on a liquidity mutual.
The thesis: NO interest rates + NO inflation + NO debt fiat = super low cost of capital and better business such that debt-based fiat becomes obsolete. Of course, that’s a while away yet – we’ll still need to exchange BTC/ECON for it to pay vendors that have large fiat exposure and facilitate monthly payments. The real-world enforcement and oracle tech will continue to develop alongside to punish bad actors and protect investors. Really excited!
I couldn’t post the link here – please try comunitti dot netlify dot app. No real money is used.
You can get some test AVAX from faucets (linked) or just ask me for some and play with it!
submitted by /u/kode_dtecht
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