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0 sats \ 6 replies \ @DarthCoin 18 May 2023 \ on: Lava is officially launched with wallets, lending and borrowing bitcoin
Observations:
- This app is pushing users into bullshit DEBT. "give me your BTC and I will give some shitcoins USDC". Same shit over and over, like banksters did with gold in ancient time, "give me your gold and I will give you a paper IOU"... We have Bitcoin EXACTLY to get rid of these motherfuckers bloodsuckers and yet people fall again into their trap.
- When I see an app with something else than BTC, a multicoin shit, I will stay away from it. It's a fucking trap.
- Another red flag: it is not displayed BTc, but only $ dollars. I fucking hate this fiat mentality, that consider Bitcoin just as a "transport network" of the fiat shitcoin.
In other words: Lava is another bullshit crap fiat. Is not sovereign as they promote it.
Excellent observations. When I seen "Solana network", "USDC" and "Crypto" I'll stay away too.
I thought before Lava was Bitcoin-only company.
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Bitcoin can be the ultimate collateral for a loan. For users who hold a lot of bitcoin at a low cost basis and do not want to sell and create a tax event, this can be an attractive option to gain liquidity.
For this use case, what alternative approaches would you guys find more agreeable?
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I've already tested Fuji, and today they're on the mainnet, even though I don't trust a sidechain. But I don't recommend any stablecoins or loans etc. The only thing I recommend is Bitcoin and LN
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The thing is: why do you need a loan?
Just stack sats and when you really need to spend, just use BTC. That's it.
Bitcoin is teaching people to SAVE, not to spend.
Fiat / stableshitcoin are teaching people to spend and be in forever debt.
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That's point! :)
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Have fun giving away your BTC for shitcoins.
More sats for me.
I will not. I will just use BTC as money, as I do for many years.
create a tax event,
LOL you NGMI
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