The part I don't feel like I understand very well is this...are you actually abusing the unethical system, or are you contributing to the abuse of the people who are already being slaughtered by inflation?
It's hard not to follow the incentives, and there are incentives to short fiat. To not follow the incentives you'd have to break your mind and become what the communists wanted people to become, an incentive non-following creature. Such a creature would end up taken advantage of, enslaved, abused and poor.
Shorting fiat also involves liquidation risk, so you're paying a price for it in the risk and the higher your leverage, the greater the risk.
Perhaps the idea that borrowing fiat to buy bitcoin is unethical is a psyop sowed by the powers that be to keep us from stacking more? Just a thought.
I tend to view it as a game. The goal is to maximize your score, which is the amount of sats stacked. If you don't play it well, others will and you'll be their victim.
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Abusing might not be the right word but you are taking advantage of the unethical system because you know it requires persistent devaluation of the money. But you bring up a fair point. By borrowing fiat you are contributing to the expansion of the money supply which could potentially harm others. This monetary supply expansion will happen with or without your involvement and your involvement is a mere blip but I think philosophically it is a reasonable question. I guess it comes down to if you think the positives outweigh the negatives.
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34 sats \ 2 replies \ @mf 4 Oct
You alone are indeed a blip, but all the blips together make the majority of the inflation of the money supply.
Getting loans and shorting fiat is NOT the same thing. That would be the same (because it is) as saying that robbing someone to then go buy btc. Is it still ethical? Of course not. Never was, and never will be, regardless if there are other that also do it.
It's like that old saying: raping doesn't magically become a good thing just because the majority supports it.
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Getting loans to buy bitcoin is essentially shorting fiat.
Your robbery analogy sucks. Taking out a loan is not taking something that doesn’t belong to you. It is borrowing something that doesn’t belong to you that you must give back.
If you want to argue it is unethical fine but your robbery analogy and rape quote is just stupid.
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0 sats \ 0 replies \ @mf 5 Oct
You may want to know that a loan, by creating new currency, will suck value from the rest of the poll. What do you call taking something that belong to others? And habitus does not automatically equal good.
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