21 sats \ 9 replies \ @Fabs OP 21 Feb \ parent \ on: What are you even gonna do with the money? Personal_Finance
Solid.
When do we expect banks to accept BTC as collateral for loans?
The only way I'd use my BTC as collateral would be through an established institution, like a big bank.
you did not learn anything. bitcoin was created to get rid of banks.
banks are becoming obsolete, they can now be replaced by a script.
"established institutions" are the ones that steal the most
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We’ll I’m sure there will be new Celsius or BlockFi, but those are more risky. Really if you are trying to take out loans already, maybe best to focus on creating value and storing the money into Bitcoin … feels a bit short sighted to be worried about taking out loans right now, but maybe you have a hundred bitcoin …
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