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1 sat \ 9 replies \ @DarthCoin 31 Jul \ on: Save in bitcoin, spend in dollars bitcoin

bitcoin loans

total bullshit to fool losers to give up their sats.

I said the same thing, earlier. The only way they would give you the loan is that you transfer the bitcoin.

they don’t give you the loan. they coordinate a loan with a 3rd party lender and use their DLC to ensure no rug pulls from anyone. all programmatic

0 sats \ 0 replies \ @Satosora 1 Aug

Maybe when the system gets more developed it might be worth looking into. I dont think it will really work the first few times.

26 sats \ 5 replies \ @dk OP 31 Jul

it's the opposite. hold on to your sats, use as collateral to borrow dollars for your spending needs

26 sats \ 4 replies \ @DarthCoin 31 Jul

use as collateral to borrow dollars

That literally is the worst case scenario, supporting fiat to exist. FIAT DELENDA EST, FOR FUCK SAKE ! Are you out of your mind?

231 sats \ 1 reply \ @CruncherDefi 31 Jul

That literally is the worst case scenario, supporting fiat to exist.

It's literally other way around.

Borrowing dollars under bitcoin collateral means shorting dollar and implements a speculative attack on dollar. It's literally how you suffocate and kill fiat faster.

Of course this assumes that borrowing protocol is trustless and self-custody without rug-pull risk.

10 sats \ 0 replies \ @dk OP 31 Jul

exactly. the whole purpose of the software is to be self-custody without rug-pull risk

0 sats \ 1 reply \ @dk OP 31 Jul

I'm with ya on ending fiat, but most people have needs today and most counterparties won't accept bitcoin today. I'd like the savvy ones to be able to hold on to their bitcoin longer.

1 sat \ 0 replies \ @DarthCoin 31 Jul

won't accept bitcoin today.

fine, more sats for me.

I'm with ya on ending fiat

I do not think so... promoting the use of fiat.. so no, you are NOT with me, you are against me ! So fuck off fiat maxi