Since my pal @Kenobi hasn't figured out how to properly use Stacker News for writers, imma help him out this once. Every time you publish anything, you double-publish on Stacker #422334
Dude made a couple of epic SN posts back in ~February or so when he joined, but has since then gotten too famous and too busy to pester us lil plebs.
Anyway, he wrote an awesome thing for us at Bitcoin Magazine, that I click-baity slapped the title "How to Solve the Student Loan Crisis" — because, why not? #980184, #994746
Real estate is a market where it’s completely normal to go 10x levered long on a single asset while putting all of your savings into it. Talk about idiosyncratic risk. The entire market has been in deep pain worldwide, not necessarily because of the debt, but due to how the fiat system has turned real estate into an investment-and-savings mechanism
and:
When 18-year-olds take out a mortgage-sized loan to bet on their education, their future human capital is effectively becoming the real estate (collateral) that backs the debt. Their capacity to make extra income from the knowledge and certificates they acquired by going into debt will help them pay it off (given that all goes well). if you yourself become the real estate securing this mortgage-sized student debt, perhaps you could also secure that loan and reduce the burden on the main asset (you) by integrating bitcoin into the mix. This could have great benefits for all parties involved: decreasing the risk for the lender and giving increased peace of mind and opportunities for the borrower (you, the student).
"One of the main advantages of adding bitcoin to your student debt structure is that there are now two assets rowing against the financial repayment current: yourself and bitcoin."
what is debt if not a way to bring future purchasing power into the present? Debt is a time-traveling machine that allows people to buy assets by leveraging their future earnings, revenues, or salaries. And thankfully, the current system is created so that the moment you can legally go to jail or go to war, you can also indebt yourself up to your eyeballs with the promise of future wages as a doctor, engineer, lawyer, or another profession. If other students can gamble their student loans on WallStreetBets, the future generation of Bitcoiners should be able to secure their future with a safe bet: bitcoin.
Really, read the whole thing: it's excellent.