231 sats \ 1 reply \ @CruncherDefi 31 Jul \ parent \ on: Save in bitcoin, spend in dollars bitcoin
That literally is the worst case scenario, supporting fiat to exist.
It's literally other way around.
Borrowing dollars under bitcoin collateral means shorting dollar and implements a speculative attack on dollar. It's literally how you suffocate and kill fiat faster.
Of course this assumes that borrowing protocol is trustless and self-custody without rug-pull risk.
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10 sats \ 0 replies \ @dk OP 31 Jul
exactly. the whole purpose of the software is to be self-custody without rug-pull risk
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