This sums it up well. Too risky.
Would be nice to run up a bunch of debt then see it wiped out by price fluctuation.
Which is why we don’t have crypto credit cards
I don’t know, it seems like if thousands of cardholders owed balances, each accrued at different BTC values, then it would all sort of balance out for the card issuer. There must be a way to express this mathematically but it’s over my head.
How about debit cards?
It would sort of hedge across the board, but there would still be too much price uncertainty to institutionally make loans in crypto.