<transcript><audio_127>and then you'll pay a bit of interest at least you get to hold on to your coins and your coins go up in value then happy days but obviously for salt to provide a market where they're lending you money someone else has to give them the bitcoins so you can use your own</transcript><transcript><audio_128>bitcoins you can you can actually use someone else's bitcoins and when I was when I was looking at it probably early December you could borrow like someone was on there with $100,000 worth of bitcoins that you could borrow and they</transcript><transcript><audio_129>were charging interest of around about 1% a day or something like that but then someone else would come and say look I've got 50,000 bitcoins and I'll charge you 3% a month or whatever so it's it's</transcript><transcript><audio_130>an open market place where people can actually be for your business kind of like eBay rather than just going to the bank and all the banks are saying oh look we'll lend you money but it's all at six point seven percent or six point eight percent there's not much difference between the banks but</transcript><transcript><audio_131>obviously with the open market people can say look I'll lend it to you for this price and they might live in a very cheap country they might live in a third world country so they may be able to do it cheaper it's a smart contract so it</transcript> and then you'll pay a bit of interest at least you get to hold on to your coins and your coins go up in value then happy days but obviously for salt to provide a market where they're lending you money someone else has to give them the bitcoins so you can use your own bitcoins you can you can actually use someone else's bitcoins and when I was when I was looking at it probably early December you could borrow like someone was on there with $100,000 worth of bitcoins that you could borrow and they were charging interest of around about 1% a day or something like that but then someone else would come and say look I've got 50,000 bitcoins and I'll charge you 3% a month or whatever so it's it's an open market place where people can actually be for your business kind of like eBay rather than just going to the bank and all the banks are saying oh look we'll lend you money but it's all at six point seven percent or six point eight percent there's not much difference between the banks but obviously with the open market people can say look I'll lend it to you for this price and they might live in a very cheap country they might live in a third world country so they may be able to do it cheaper it's a smart contract so it
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