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At least it didn't go bankrupt. It could have been worse, that's why I don't use or recommend this type of service.
list of excluded countries:
You are not a citizen, a permanent resident, tax resident or located at the United States of America (including its states and the District of Columbia), the Virgin Islands of the United States, or any other possessions of the United States of America, Cuba, North Korea, Iraq, Iran, Puerto Rico, Somalia, Syria, Sudan, or any state, country, territory or other jurisdiction that is embargoed by the United Nations;
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Corporations in Bitcoin are proving themselves PATHETIC.
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Would be better if they got closed and we don't have such platform at all? HodlHodl is very useful for the rest of the world for non-custodial OTC Bitcoin vs fiat trading. There is Bisq Network, which is less blockspace effective and less user friendly, that can't be censored, as alternative.
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Yea - but we've also seen Phoenix, Wallet of Satoshi [meh], and recently IBEX a fantastic merchant service on-ramp - leave the USA.
"Land of the Free!" Pfft. More like a 1980's USSR wanna-be communist shit-hole.
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Problem is in USA, not companies. I would also definitely better ban USA and develop stuff for others instead of spending that time fighting in USA courts and risking jail time.
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I'm now fully convinced that these centralised services will be puppets in the hands of governments. We need more and more decentralised platforms if we want to retaliate them.
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0 sats \ 2 replies \ @OT 24 May
I thought they always have blocked US users
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For OTC Bitcoin vs fiat trading, not stablecoin lending against BTC.
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deleted by author
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Well this sucks hahah I used this platform to offer cheap loans and now I can’t. So much for financial freedom
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Use VPN?
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I could but one time you forget to turn it on poof exposed
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You will just not be able to access the site while VPN is off.
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How does a platform called hodl get involved with lending? RIP more fiat garbage.
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It's directly related to hodling. When you need fiat for daily spending, instead of selling BTC, you take USDT loan against your BTC. Same strategy as super rich people like Elon Mask use - they don't sell their Tesla or whatever stock, they take USD loans against that stock.
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But how does it work, as in, they would have to pay that loan eventually.
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You bet on increase of BTC price, if it goes up in USD terms, you spend less BTC on paying back. Or you could get a new loan, to pay back USDT for the old one, without selling BTC.
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