Bitcoiners learned the hard way that handing your coins to a lender usually ends with a “temporary withdrawal pause” and a bankruptcy livestream.
In this video, Adam Livingston breaks down a safer way to borrow or lend with Bitcoin: no custody, no rehypothecation, and Bitcoin-native.
Firefish is an open marketplace for Bitcoin-backed loans, for borrowers and lenders. Built by Bitcoiners, for Bitcoiners.
Borrow against your Bitcoin safely, or invest in fully over-collateralised loans:
Instagram: https://www.instagram.com/firefish_io/
Nostr: https://primal.net/p/nprofile1qqsp7vxc8zn6xp768ygrrdl6m6qfplmjprha27r6rauyq849v2f9a6s2r5hm2
LI: https://www.linkedin.com/company/firefish-io
Timestamps:
00:00 The Problem with Bitcoin Loans
01:39 Firefish fixes this
02:03 A Marketplace for Bitcoin Loans
03:47 How Borrowing Works
05:16 How Lending Works
06:33 Non-Custodial & Bitcoin-Native
07:55 Firefish summarised