As far as I can tell, the only impact should be that you might effect rates via supply and demand - more BTC available should drive the interest rate down a little but I have no idea how much. Of course, you'd also be risking that much BTC to a potential hack on one of these exchanges.
It's actually kinda neat to see how even someone with a small stack can influence local exchange interest rates due to the fact that we're still in the very early stages of this revolution.
Inning 2 of 9 is how I've often heard this how this phase of BTC societal acceptance has been described.
BTW, what's to stop someone from say loaning out 10x what you loaned out?
13 to 16 BTC invested here would have earned almost $2K in loan interest in a little over a month? Not too bad at all!
Nada actually.
As far as I can tell, the only impact should be that you might effect rates via supply and demand - more BTC available should drive the interest rate down a little but I have no idea how much. Of course, you'd also be risking that much BTC to a potential hack on one of these exchanges.
It's actually kinda neat to see how even someone with a small stack can influence local exchange interest rates due to the fact that we're still in the very early stages of this revolution.
Inning 2 of 9 is how I've often heard this how this phase of BTC societal acceptance has been described.