TLDR: I will never lend my BTC, I will never take a loan for more BTC. I will simply use what I have, earn.
Satoshi created Bitcoin EXACTLY to avoid all these practices and make people think and start SAVING MONEY for later, instead of borrowing more than they can afford. Many will say that this is against advancing in technology and building more new stuff. But I am coming and ask: what are you need for your daily life, basics, to live a simple and healthy life? The answer is simple: energy, food, shelter. So why are we not concentrated into that only?
Why do we need 2-3 cars/ family, why do we need 2-3 houses /family, why do we need 2-3 phones/individual, why do we need to buy stuff and food that we really don’t need it and so on…? We are living in a world full of unnecessary stuff, just for the sake of consumerism.
Bitcoin is changing the mentality of consumerism into mentality of savings. Save today for having tomorrow enough to buy the stuff you really need it. Don’t stretch you legs more than the duvet.
Bitcoin WILL PUMP FOREVER in value! No need for anything else than just HODL and use it when you need it most. More you HODL = more value will have in the future. Do not sell your BTC to billionaires! Is the only way to keep them away!
If you want to risk your money (and is a huge risk in this) for just few % of fake interest (based on fractional reserve), is up to you, but at least I did what I can and warned you about this.
Please watch these 2 amazing videos: Concursante – Spanish movie (EN subs), with a guy that won the lottery but he entered into total debt, just because of the evil system.
The American Dream – animated documentary about how the american dream is actually a debt nightmare.
BTW: your response does not cover any of my questions, just neglet them to impose your maxi view of the world, that I totally understand and respect.
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"maxi view" -- hey shitcoiner piece of shit, fuck off, no one has to answer to you or the dumb shit you say while you thinking you're being incredibly clever, you "moderate" midwit
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Thank Darth, now I know the real one is back. Appreciate your love
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Not the first time it's been suggested, but as I have said, I'm not Darth
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You asked:"What are the/your Ethics & Morality behind lending Bitcoin?" I answered to that question.
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I'll take your first response as the good one, without any further dive. Thanks again for sharing your thoughts
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In the current system there's no trust, that's why we ended up on this nightmare loop.
Keep away consumerism, interest percentages, idiocracy and the utopia to have to have this bitcoin price (based on what? the USD?) going up forever...
What's your thoughts, now?
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