You give up your freedom (Bitcoin) to remain tied to fiat and now with a debt... I really don't understand the logic either.

guerratotal

I really do not understand why people still want to use these "bitcoin-lending" platforms.

These "lending" platforms are totally against bitcoin being money.

If you put as collateral your bitcoin, what you gonna use ? Stablecrap tokens? In other words we are going back to fiat and more fractional reserve bullshit. Because nothing will stop tether and other fiat-token-craps to create out of thin air more tokens to give you to use instead of you just using your own bitcoin.

Hell no! Use only your bitcoin. You do not have enough to buy something? Fine, work harder until you get them. But going back to the fiat scam is not the way.

bitcoin

Bitcoin-lending platform Firefish releases source code - Blocktrainer.de (DE)

Scoresby

I really do not understand why people still want to use these "bitcoin-lending" platforms.
These "lending" platforms are totally against bitcoin being money.
If you put as collateral your bitcoin, what you gonna use ? Stablecrap tokens? In other words we are going back to fiat and more fractional reserve bullshit. Because nothing will stop tether and other fiat-token-craps to create out of thin air more tokens to give you to use instead of you just using your own bitcoin.

Hell no! Use only your bitcoin. You do not have enough to buy something? Fine, work harder until you get them. But going back to the fiat scam is not the way.