32 sats \ 1 reply \ @OT 30 Dec 2023 \ on: Loan shark: Super Testnet's non custodial, bitcoin only borrow and loan tool bitcoin
Pretty cool!
Personally I don't think I'd use something like this. Why would I borrow sats when I already have sats. Maybe on the other side as a lender could be a possibility.
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132 sats \ 0 replies \ @supertestnet OP 30 Dec 2023
Why would I borrow sats when I already have sats
Tax arbitrage. More details here:
#371778
I also made a little comic book outlining how you can use loan shark for tax arbitrage, and I go over the comic book in the video at timestamp 10:07: http://tinyurl.com/ye2avw7j
I expect most plebs would rather lend than borrow. Borrowing makes sense if you have a lot of old bitcoins and are currently living on them, spending them day to day and incurring big tax penalties.
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