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0 sats \ 3 replies \ @Scroogey 3h \ parent \ on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money econ
If owning fiat is a loser's game (which I agree!), doesn't it follow that owing fiat (being in fiat debt) must be a winner's game (assuming low enough interest rate)?
A mortgage is a combination of two things: 1) you take on fiat debt and 2) you immediately exchange the fiat for real estate.
Now you hold a valuable and productive asset (land) and owe a depreciating asset (fiat). Time is on your side now. Any bitcoiner convinced fiat will rather quickly devalue against land should agree.
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0 sats \ 2 replies \ @DarthCoin 3h
How many times I have to repeat: YOU are the one creating fake money. Stop doing that or we will never get out of this shit. Buy land with sats if you really want to do something good. This is not a game of devaluing, is a game of being free or slave. Fiat is the root of all evil that exist on this planet.
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0 sats \ 1 reply \ @Scroogey 3h
Creating fake money accelerates the inevitable devaluation of fiat and brings bitcoinization sooner, no?
You want to preserve the value of fiat as long as possible by creating as little of it as possible?
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0 sats \ 0 replies \ @DarthCoin 3h
No. Devaluation do not bring bitcoinization. Brings only more debt and slavery. You will be fooled over and over to stay in debt. You guys are way behind in mentality, seems that papa Saylor really twisted your mind.
Bitcoinization will come ONLY when you stop using fiat and most importantly, stop demand it.
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