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0 sats \ 10 replies \ @DarthCoin 17 Oct 2024 \ parent \ on: Bitcoin’s Scalable Future: How Collateralized Credit Cards Will Drive Adoption bitcoin
we have to USE it.

oh yeah? by giving them away to Saylor in exchange for crap fiat ? That is the future in your vision?
FUCK THAT SHIT.

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-10 sats \ 9 replies \ @Tristan OP 17 Oct 2024
giving them away to Saylor in exchange for crap fiat ?

No one said anything about Saylor, it seems you didn't read the article I wrote. You can use BitEscrow to deposit them into a contract.

I have been building it for 3 years with my CTO so that you don't have to use a bank at all. BitEscrow is noncustodial and open source. I encourage you to have an open mind and check it out.

https://www.bitescrow.app/

My Vision is the following:

  • Deposit Bitcoin into a contract from any source you want; it's your money. This can be from Coinbase or wherever else.
  • Hey THIRDPARTY I have 1 Bitcoin in a non-custodial deposit account, can I get a credit card backed by that? Or a loan in fiat? (anything else you can imagine)
  • Let's assume it's a credit card: "sure thing, here you go. This card works at any point of sale, by the way!"
  • you are now using the existing rails of fiat to use Bitcoin.

What do you think? I really encourage you to think about the implications of Bitcoin as collateral.

Furthermore, I don't think very highly of Saylor. His lack of contributions to developers is disappointing.