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Debt leads to slavery. Staying away from debt it makes you stronger as individual and could take harsh decisions much easier in your life. It means that YOU are the creditor for yourself.
When you are in debt, you cannot take decisions by yourself, you will always depend on the creditors desire...
If you desire something that you can't afford it, then work harder or lower your expectations...
Fiat world trained people for centuries to think in a consumerism way and not in a savings way. Bitcoin came to fix that mentality, because with Bitcoin you MUST save sats in order to be able to spend them in the future. YOU CANNOT SPEND SATS THAT YOU DO NOT HAVE THEM. Lending money that you don't have them in the first place is not the right way to go.
Here is one of the best explanations of debt:
this territory is moderated
0 sats \ 1 reply \ @AG 23 Mar
I fully agree on what you wrote. So, from a marketplace moderation perspective, should we simply try to don't have these type of trades happening? Educate user instead having them starting loan/borrow offers and related escrow services? Isn't this approach against free market where users drive supply and demand?
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People can write / offer whatever they like. I am not against that. SN is in the end "pay to post" so I do not understand why people think that my comments are like "censorship". I am free to comment and I pay to comment to tell what I think about that sucject. But we have the duty to call them out.
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