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89 sats \ 7 replies \ @Scoresby 21 Oct \ on: 5 Thoughts On How A Bitcoin Backed Strike Loan Changed My Finance Habits econ

This is interesting. Thanks for posting. I've been pretty reluctant to do any loans secured by my bitcoin, but I see the value.

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148 sats \ 1 reply \ @j7hB75 21 Oct

I’m in the same boat. Very reluctant because I don’t see the point. Can you help me see the value in this?

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0 sats \ 0 replies \ @BlokchainB OP 21 Oct

You buy bitcoin instead of paying off debt. It’s a leverage play. Risky and not for the faint of heart.

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0 sats \ 3 replies \ @DarthCoin 21 Oct
but I see the value.

Which value? Creating more fiat?

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51 sats \ 1 reply \ @j7hB75 21 Oct

This is what I’m trying to figure out. It’s all unicorns and rainbows but nobody seems to explain the value in doing this.

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0 sats \ 0 replies \ @BlokchainB OP 21 Oct

Buying Bitcoin instead of paying off debt that is all that is happening here.

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0 sats \ 0 replies \ @BlokchainB OP 21 Oct

Buying more bitcoin

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0 sats \ 0 replies \ @BlokchainB OP 21 Oct

Yeah you have to be comfortable with risk and be honest about paying down your debt. If you have suspect cash flow I wouldn’t recommend doing this.

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