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0 sats \ 4 replies \ @TheBTCManual 19 Apr 2023 \ on: Bitcoin Loan VS Bitcoin-backed Loans: Pros & Cons bitcoin
I get the whole pitch of get capital without a credit score, but why would you need capital pulled from the future if your asset is appreciating and you have an income?
From my view, the real advantage of borrowing against your bitcoin is to extract liquidity without selling because you don't want to pay taxes and you have a confident assumption that you can pay back the fiat position. This situation exists because governments want to tax your investments and bitcoin isn't accepted on the merchant level everywhere, if you don't have that then the loan products unique selling point is gone.
If we are to move to a more bitcoinised world, it would be savings based and not debt based so I don't see how borrowing would be a big part of it, theres still room for equity investing for sure, owning pieces of companies
In a world where over 50% of the population still under the poverty levels, it’s important for a lot of people to find a way to get out of the shity hole. Doing credit is something that speed up the process and also risky for who, like many, has not financial education nor guidance to enter a journey like that. But as @DarthCoin mentioned, hard work and patience are probably the best tools everyone has and it’s free to use at any time, with no risk involved.
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Those people are poor EXACTLY BECAUSE OF GOVS....
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We got the point. Anything we can do from your wise perspective?
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As I wrote on my substack (over 60 guides about Bitcoin and LN), here is a special one:
https://darthcoin.substack.com/p/natural-law-and-bitcoin
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