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100 sats \ 1 reply \ @TwoLargePizzas 18 Jun 2023 \ on: Is it ethical to get a fiat loan as a bitcoiner bitcoin
One of the advantages of being a Bitcoiner is that we understand the fiat game better than most.
And in the fiat game, getting a loan backed by an asset works to your advantage. We know that dollars today are worth more than dollars in the future (given a long enough time frame).
The fact that a bank is willing to loan you dollars at an interest rate lower than inflation to buy an asset that's increasing with inflation is incredible to me. Assuming you can afford to pay the interest, this trade feels too good to be true.
This is why they eventually fail as they need to take on more and more risk in order to generate lot of profits 😂
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