0 sats \ 1 reply \ @stack_harder 4h \ on: The ethics of borrowing in fiat, in order to buy bitcoin bitcoin
if you have a problem with using your money to buy btc, your only other choice is to have people pay you in btc, which is fine if you can find them
i use btc as savings, i have to use my fiat money to get some as that is my savings vehicle of choice
people in poor countries also swap fiat to get bitcoin so they preserve purchasing power.
maybe on a sailor level you could argue ethics, but some guy trying to swap his pasos for bitcoin is not an enemy or abuser, he's the abused and he's swapping a weak asset for a hard asset, failure to do so would mean his own financial destruction
when talking about taking a loan to buy btc, shorting the currency basically, i think the ethics are maybe more questionable in countries with far weaker currencies, but when doing it with gbp, dollar, euro, i don't feel it's super unethical because you're evening the financial playing field IMO and the risk is higher because the time it takes to infalte the debt away is far longer
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