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from banks right? banks are lending $100 for every $10 of book assets, so they can offer a lower than market rate.
No one that actually had to earn the money would risk it for 5%
True market interest rates are probably 10-13%, if currency is inflating at 8%, the risk premium is 2-5% which seems about right for a low risk loan.
Where can they borrow at 6%? Maybe if banks start offering loans but I think Strike is juat a maker and 11% is what they have to offer...just my limited understanding though. Not the cheapest source of fiat credit but if you are tapped on the HELOC and other cheaper options...it works great
still hope for BTC???
uh, yeah I'm pretty sure BTC is fine bro, if you were here for $30 you should know that
Thats probably a real market rate for someone posting actual dollars...not just newly created bank "assets" out of thin air...
would you loan to anyone at 11%? No, you would buy bitcoin and get 45%/yr... I assume thats what the customer gets (11%) and strike gets 2%
Mortgages are crazy fake money creation but so are auto loans, so of course you can get rates lower than inflation
DOWN FOR SOOO LOOOONNNNG????
Bitcoin has been down for 4 months......
Millenials used to be the butt of jokes, but Zoomer attention spans are on par with amoebas
Humanity might be doomed
Not everyone can be soveriegn...many want to remain slaves....thats OK. It may take a few generations. Maybe 1% of people can be sovereign, the rest will still benefit. You've seen it.
@DarthCoin - one poster on SN where the force is so strong, he doesn't need to cryptographically sign his messages
finally...I guess waiting a full decade between decent hard sci-fi movies is the norm now.
At least it's not as long as Rocky had to wait in Tau Ceti orbit...
large chest freezers are cheap, manual defrost is best and last the longest...can find used ones for very cheap on craigslist or similar local markets
vac sealer is good to have for breaking down large cuts
semi flexible boning knife and breaking knife are good tools
the butcher at costco can wrap large cuts that aren't in the case, like a whole 30- 40 lb chuck roll for about $4/lb
can get about 10 lbs of steaks (denver, chuck eye, and sierra) and the rest grind or stew...plus about 5 lb of fat to render for tallow
all for a cheaper price than ground beef and it has cuts that normally sell for $10-$15/lb
hilarious that this is coming from The Economist...a notoriously left rag
I actually hope regimes do implement this, as it just accelerates us faster to where we need to be: bitcoin standard
Now that strike has billpay, I just sit in bitcoin and pay my bills from it, no fiat in banks reserved for bills.
Though depending on your expenses you probably aren't losing that much by having a fiat acct for fiat bills.
I have a lot of expenses living where I do with a family, so I really don't want 0.3 BTC worth of fiat waiting for the end of the month to pay the beast system, and melting on a rolling basis...annually thats a loss of 3,000,000 sats to inflation. Not life changing but enough to throw a beefsteak for the meetup.
all social media is fake rage bait faggotry...chinese bot armys, russian bot armys, and inflooincers milking boomer fiat advertisers and gullible consoomers
why, oh why is anyone on these retarded platforms