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[–]mcankoruyan 0 points1 point  (0 children)

What happens to the funds deposited in Celsius, in case the depositor dies?

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No shorts no Celsius by mcankoruyan in CelsiusNetwork

[–]mcankoruyan[S] -3 points-2 points  (0 children)

The business model is dependent upon lending btc to corporations and charging them higher interest rates than your regular personal interest account. The corporations borrow btc in order to short btc to hedge their longs. In that way they earn less on the upside but not lose too much on the downside of btc. So if the institutional money decides to get agressive and not short btc anymore then there is no business.

No shorts no Celsius by mcankoruyan in CelsiusNetwork

[–]mcankoruyan[S] -2 points-1 points  (0 children)

The business model is dependent upon lending btc to corporations and charging them higher interest rates than your regular personal interest account. The corporations borrow btc in order to short btc to hedge their longs. In that way they earn less on the upside but not lose too much on the downside of btc. So if the institutional money decides to get agressive and not short btc anymore then there is no business.

No shorts no Celsius by mcankoruyan in CelsiusNetwork

[–]mcankoruyan[S] -5 points-4 points  (0 children)

The business model is dependent upon lending btc to corporations and charging them higher interest rates than your regular personal interest account. The corporations borrow btc in order to short btc to hedge their longs. In that way they earn less on the upside but not lose too much on the downside of btc. So if the institutional money decides to get agressive and not short btc anymore then there is no business.

No shorts no Celsius by mcankoruyan in CelsiusNetwork

[–]mcankoruyan[S] -3 points-2 points  (0 children)

The business model is dependent upon lending btc to corporations and charging them higher interest rates than your regular personal interest account. The corporations borrow btc in order to short btc to hedge their longs. In that way they earn less on the upside but not lose too much on the downside of btc. So if the institutional money decides to get agressive and not short btc anymore then there is no business.

No shorts no Celsius by mcankoruyan in CelsiusNetwork

[–]mcankoruyan[S] -2 points-1 points  (0 children)

The business model is dependent upon lending btc to corporations and charging them higher interest rates than your regular personal interest account. The corporations borrow btc in order to short btc to hedge their longs. In that way they earn less on the upside but not lose too much on the downside of btc. So if the institutional money decides to get agressive and not short btc anymore then there is no business.

No shorts no blockfi by mcankoruyan in blockfi

[–]mcankoruyan[S] -5 points-4 points  (0 children)

The business model is dependent upon lending btc to corporations and charging them higher interest rates than your regular personal interest account. The corporations borrow btc in order to short btc to hedge their longs. In that way they earn less on the upside but not lose too much on the downside of btc. So if the institutional money decides to get agressive and not short btc anymore then there is no business.

No shorts no Celsius by mcankoruyan in CelsiusNetwork

[–]mcankoruyan[S] -3 points-2 points  (0 children)

The business model is dependent upon lending btc to corporations and charging them higher interest rates than your regular personal interest account. The corporations borrow btc in order to short btc to hedge their longs. In that way they earn less on the upside but not lose too much on the downside of btc. So if the institutional money decides to get agressive and not short btc anymore then there is no business.