Good morning e,
> It looks like you are talking about lending where the principal return is > guaranteed by covenant at maturity. This make the net present value of the > loan zero. I am talking about lending where: * Lessor pays landlord X satoshis in rent. * Landlord provides use of the fidelity bond coin (value Y) for N blocks. * Landlord gets the entire fidelity bond amount (Y) back. Thus, the landlord gets X + Y satoshis, earning X satoshis, at the cost of having Y satoshis locked for N blocks. So I do not understand why the value of this, to the landlord, would be 0. Compare to a simple HODL strategy, where I lock Y satoshis for N blocks and get Y satoshi back. Or are you saying that a simple HODL strategy is of negative value and that "zero value" is the point where you actively invest all your savings? Or are you saying that HODL strategy is of some value since it still allows you to spend funds freely in the N blocks you are HODLing them, and the option to spend is of value, while dedfinitely locking the value Y for N blocks is equal to the value X of the rent paid (and thus net zero value)? Regards, ZmnSCPxj _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
