How Bitcoin-Backed Loans Are Creating A New Financial Symbiosis
We’ve all heard the boiling frog analogy: if you throw a frog into boiling hot water, it jumps out. However, if you put the frog in warm water and slowly raise the temperature, the poor amphibian would get cooked. In this analogy, those who hold dollars, i.e., me and you, are the frogs, and inflation is the temperature of the water. If inflation rises slowly, the purchasing power of our dollars goes away, and it’s hard for us to notice– but the fact remains, we are getting cooked. If inflation j...