If I borrow from you 100M sats what am I supposed to give you as collateral ? Sats or fiat?

134 sats \ 2 replies \ @Undisciplined 10 Jul

It looks like they want a nice chair as collateral.

13 sats \ 0 replies \ @lendasat OP 10 Jul

0 sats \ 0 replies \ @DarthCoin 10 Jul

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

13 sats \ 0 replies \ @lendasat OP 10 Jul

You lock your bitcoins as collateral, and we pay your invoice!

You then repay us in bitcoins, but based on the USD price of your item at the time of repayment! (edited)

10 sats \ 6 replies \ @lendasat OP 10 Jul

deleted by author

0 sats \ 5 replies \ @DarthCoin 10 Jul

So why do I need your sats if I can already pay with mine? It doesn't make sense to me, except you want more sats from me.

LOL this is like in the scene from the movie "El Concursante" https://www.youtube.com/watch?v=gBTRhU7Noh0

13 sats \ 4 replies \ @lendasat OP 10 Jul

If Bitcoin's price goes up, you would save money.

It's like getting the things you need now and paying for them later.

13 sats \ 0 replies \ @lendasat OP 10 Jul

I fixed it: #603829

0 sats \ 2 replies \ @DarthCoin 10 Jul

If Bitcoin's price goes up

That's fiat mentality. I don't fucking care about BTC price in fiat. If I need a beer today I `pay today with the sats I already have them. If I do not have sats today, I will work hard and warn those sats for a beer to pay it. Simple as that.

Why in the hell I will put myself again and again in debt?

13 sats \ 1 reply \ @lendasat OP 10 Jul

It's up to you whether or not you use such a tool.

Some people may find it handy to delay payment based on market conditions. We're offering an instant solution with no counterparty risk.

13 sats \ 0 replies \ @DarthCoin 10 Jul

But why people are creating over and over tools to put again and again people in debt? Don't we want to get rid of these fiat practices? Did you watched the video clip I posted above? You can put EN subtitles.

Learn more at https://www.lendasat.com