If the goal is to bring Bitcoin to the masses
No is NOT.
You learn, adapt and change to Bitcoin or... die as a fiat slave.
allowing you to spend against it without selling it or converting it to fiat
So what I will spend? If you give me another sats, then why I should give them to you in the first place? I spend what I have. That's it. I don't have enough... I so not spend, I work hard to earn more. That's all.
Please stop saying this bullshit "bitcoin as collateral". This will bring only more problems. Who doesn't want to adapt to Bitcoin, so be it. Fuck'em! It is Bitcoin and that's it. NOTHING ELSE.
21 sats \ 1 reply \ @Tristan OP 7h
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1000 sats \ 0 replies \ @DarthCoin 7h
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That’s too harsh a leap. They aren’t going to abandon their habits overnight. We can talk all day about ideals, but the fact is, the average person isn’t ready to ditch fiat entirely—yet.
Godspeed.
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210 sats \ 2 replies \ @DarthCoin 7h
I don't give a shit about average Joe, that one will never use Bitcoin, will die as a poor slave.
As I said: Bitcoin is only for the brave and knowledgeable. Making "bitcoin as collateral" you will bring only more trouble from gov intervention and create again and again the same bullshit fiat: some banksters will hold BTC and they will give in exchange some bullshit fake money.
With this crap proposal you only want to fool idiots to give you their BTC and you give them in exchange a bullshit crap token.
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some banksters will hold BTC
BitEscrow is non-custodial.
Anyway man, I enjoyed our conversation. Obviously we have different views and goals and I’m not changing your mind. I encourage you to check out our source code and what we built.
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One thing is to put some BTC in Bitescrow until a ordered product get delivered to me. Another thing is to put some BTC in Bitescrow and get a VISA card loaded with some crappy tokens. I will NEVER accept that crap.
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