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0 sats \ 2 replies \ @User21000000 OP 29 Oct \ parent \ on: Ask SN: Fiat debt and bitcoin stacks AskSN
It’s hard . As being with out fiat debt would make life a lot more relaxing and open up options but I guess if I can chip away at it and keep the btc growing that would be more ideal. As if I sell down some to pay debt I’ll get hit with capital gains tax as well that will reduce the amount
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0 sats \ 1 reply \ @denlillaapan 29 Oct
Also that.
Fiat incentivizes you to keep rolling debts for as long as possible. Taking some off to secure life is understandable -- and correct, in a natural order -- but harmful/wrong in fiat
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0 sats \ 0 replies \ @User21000000 OP 29 Oct
Another question if we went on a Bitcoin std and dollarydoos went away would the banks just say you owe 700k that’s now 7 btc for that loan . Is that how it would go and then everyone would have to rethink home ownership or the value of said realestate would go down as the btc value goes up the house cost will go back down to a cost to replace only value?
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