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0 sats \ 7 replies \ @DarthCoin 7 May \ on: Awareness on Strike Lending, not a sob story. bitcoin
The whole post is bullshit crap fiat maximalism.
Lending against your sats is the most stupid thing ever.
You are literally SUPPORTING your own fiat debt slavery and will never get the fuck out from fiat.
People always forget why the fuck we are in Bitcoin: to destroy fiat !
FFS wake up people !
Imagine this scenario - you have stacked 0,5 BTC, then life happens and let's say you need 25000 USD to pay for whatever shit happened in your life. At the same time there is a black swan event in the market (as all the shit happens at the same time) and BTC dips to 50k.
Your solution is to say - "that's what the savings are for" - and say goodbye to half of your stack?
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you need 25000 USD to pay for whatever shit
that's the catch: you do NOT need USD if you use bitcoin as money.
For more you still support the use of USD for more you will "need" it...
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Unfortunately, this isn't how it works for most people right now. I doubt there are even 100 people on the planet who can truly live without any exposure to fiat currency. Even for those fully committed to a Bitcoin standard, fiat still dominates as the unit of account. For example, if you need to fix your roof—even if the roofer accepts BTC—they'll likely still quote the price based on the BTC-to-fiat exchange rate. So if Bitcoin happens to be down at that moment, it could significantly impact your savings
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thanks for confirming that you are the one in the image.