[...]
Main theme: You still have keys to your btc, but able to lend it out.
Sorry, Biodom, but the above highlighted statement doesn't make
any sense. Either you misread it, or they're lying to you.
Believe me, I am skeptical myself and so far never lend out any, but you can call me curios since there is no tax event, no wrapping and no cough-eth-cough involved.
Here is what that head honcho says (scroll down to especially 6-9 in the thread)...and don't shoot the messenger:
https://twitter.com/muneebmy guess would be that most risk would be that btc price growth might exceed the posted collateral. If so, this might be a weakness.
Is that head honcho trustworthy himself? Remains to be seen, but they were associated with George Gilder afaik.