pull down to refresh

26 sats \ 5 replies \ @dk OP 31 Jul \ parent \ on: Save in bitcoin, spend in dollars bitcoin
it's the opposite. hold on to your sats, use as collateral to borrow dollars for your spending needs
write
preview
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?
reply
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.
reply
10 sats \ 0 replies \ @dk OP 31 Jul
exactly. the whole purpose of the software is to be self-custody without rug-pull risk
reply
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.
reply
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
reply