Thread - Nostr Hypermedia

unless you can grow your fiat faster than bitcoin it's still stupid because of fiat, businesses growing faster than bitcoin is like 2% of all enterprises. over half of them will not make the money back to finish the loan and get the bitcoin back, so it's stupid, sorry, not sorry. i know you are an entrepreneur and what you just said is dishonest.

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Replies (2)

jack mallers jackmallers@primal.net 11 months ago

what? i’m not dishonest, maybe misunderstood? the point isn’t to grow fiat faster than Bitcoin, it’s to keep Bitcoin exposure without having to sell it. if someone takes out a Bitcoin-backed loan, they’re betting that Bitcoin’s future appreciation outpaces the cost of borrowing fiat. That’s not for everyone, but for those who believe in Bitcoin’s long-term value, it’s a strategic play, not a cash grab

2 replies ↓

ShiShi21m shishi@nostrplebs.com 11 months ago

If you build a successful business with your loan you get to pay down the principle and get your coins back with now an additional cash flow to continue stacking. You seem to have a mindset of an employee.