153 sats \ 2 replies \ @tnuts420 11 Jun 2023 \ on: Is it ethical to get a fiat loan as a bitcoiner bitcoin
i have a mortgage and a car note that are both fiat loans. nothing wrong with taking advantage of the current system. my mortgage is 3.5%, so with inflation they're basically paying me to finance my house. why would i not take advantage of that?
The dilemma here is that your loans are money expansion, and therefore making the inflation problem worst. You are participating in a tiny tiny way in the debasement of your friends and family savings. Of course that's a drop in the ocean, but if everyone thinks this way the problem just get worst.
That being said the said friends and family probably are also doing the same, so maybe my point does not hold.
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no, i totally understand your point. but since i'm forced to participate in a broken system, i might as well take advantage where i can. i'm certainly not putting my hard money at risk to secure a bunch of not-so-hard money, unless i have no other option.
does that make me part of the problem? yes, even if it is just a miniscule part. am i alright with that? also yes
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