pull down to refresh

0 sats \ 4 replies \ @moneyball 18 May 2023 \ parent \ on: Lava is officially launched with wallets, lending and borrowing bitcoin
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?
write
preview
0 sats \ 2 replies \ @Rsync25 OP 18 May 2023
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
reply
0 sats \ 1 reply \ @DarthCoin 18 May 2023
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.
reply
0 sats \ 0 replies \ @Rsync25 OP 18 May 2023
That's point! :)
reply
0 sats \ 0 replies \ @DarthCoin 18 May 2023
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
reply