Listen, I get where you’re coming from. Using Bitcoin and relying on fiat rails can feel like a contradiction, especially for hardcore maxis like you.

But let’s be real about the current state of adoption and infrastructure. If the goal is to bring Bitcoin to the masses, we have to acknowledge that most people aren’t ready to completely let go of fiat money, let alone the systems. They’re familiar, ingrained in daily life, and work with existing habits like credit card usage. The idea behind Bitcoin as collateral is to bridge this gap for the average person.

What you’re getting with a Bitcoin-backed credit card isn’t fiat in the way you might think. You’re using Bitcoin as collateral, allowing you to spend against it without selling it or converting it to fiat. The goal isn’t to stay tied to fiat forever, but to use a tool people are already familiar with (credit cards) to drive Bitcoin’s real-world use at scale. It’s modular, scalable, and doesn’t force people into complicated technology right away.

The world isn’t ready for a Bitcoin-only economy yet, but we can’t let that hold us back. Using Bitcoin as collateral is a good way to get started.

Example: Mutiny wallet. An AMAZING wallet. It was perfectly aligned to the ethos of everything Bitcoin. Love the team and product. But it did not get adopted by the average person.

The average person may have heard of Bitcoin, maybe they have some Bitcoin in Coinbase, but they have definitely not heard of the Lightning network. But they already have a credit card.

The goal is to gradually reduce reliance on fiat as Bitcoin becomes central to the financial system.