Don't listen to anyone who sells you old-world fiat systems like loans or stablecoins; they are part of the problem and, above all, part of the new continuation.
If you have money, you spend it; if you don't have money, you don't spend it. It's that simple.
If our grandparents could do it, so can you.
Educate others and spread the word.
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Very relevant to loan liquidations happening to people as price goes down.
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GrandmaSays
Keep it simple, spend what you have, and forget the fiat game.
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I couldnβt agree more!
No, let them get rekt and sell to us.
Wise words
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Some of our grandparents used debt, because debt is as old as mankind.
As any tool, needs to be used rightfully.
Well, in my country, people didn't live like that. Mortgages arrived in the 1970s.
And nobody took out loans.
Used to be loans but also used to be debt jubilee every 100 years to reset system.
Much agree. Rid money of usury and there is plenty for all.
Lending is for People with large amounts of bitcoin. As fiat dies the amount of bitcoin that will be impaired by their loans will be minuscule and they will have lived free of income taxes. Using the debt based system against itself isnβt the worst idea but it should only be attempted once you have your fat cold storage stack.
Debt is a virtue in fiat world, and we are very much still in fiat world.
Iβm a simple man so I just mine fiat and stack sats, but I could see the appeal for those with thousands of Bitcoin who are facing massive tax burdens by selling.
Grandparents were smart enough to convert paper to gold and silver until government made it illegal. Taking volatility off the table in part of your pot with stablecoins can make sense. Taking some profit, not spending it, using it when volatility swings the other way makes sense. Grandparents weren't as simplistic as one might think.