The Apex Predator of Collateral \ stacker news ~bitcoin

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2565 sats \ 29 comments \ @freetx 14h bitcoin

Overview:

You take loan to buy property
The loan is over-funded to you (you need $500K loan to buy property, you are given $600K).
You are forced to buy bitcoin with extra $100K. The bitcoin is held is escrow with minimum 4 year lockup
The bitcoin becomes part of the collateral package the lender has against the property
You start paying back your mortgage every month per normal
At any time after 4 years, you can choose to "sell" the bitcoin and proceeds goes to lender to pay off loan. So if Bitcoin goes up by 4x you could pay off mortgage entirely.

I agree that we should start integrating more Bitcoin in all its forms into our lives and eliminate Fiat terms from our lives. But I also think that it is a good way to combine both terms and obtain something very necessary, such as a roof of my own for my children.

111 sats \ 1 reply \ @freetx OP 14h

Thats the great thing about freedom, some people (who are bullish on bitcoin) can get a a paid off house after just 4 years of mortgage payments.....people who are not bullish on bitcoin can get a traditional loan and pay theirs off over 30 years.

10 sats \ 0 replies \ @Akg10s33 13h

I think you are in the rabbit hole 🐰.. your thinking should always be optimistic and always looking towards progress and having full conviction that the asset in which you are saving everything you can!! Will have the highest possible return 🙋👌

1142 sats \ 18 replies \ @DarthCoin 14h

In other words the most stupid thing to do. aka you continue to support a fiat world. People will NEVER learn the lessons from FTX, BlockFi, Nexo, Crypto etc all those scams promising high returns from loans backed with your BTC.

FFS why people do not want to understand that with YOUR own fucking signature you create the fiat money ?

https://www.ecb.europa.eu/ecb-and-you/explainers/tell-me-more/html/what_is_money.en.html

How much time you still want to be a fiat debt slave?

1062 sats \ 10 replies \ @freetx OP 13h

People will NEVER learn the lessons from FTX, BlockFi, Nexo, Crypto etc all those scams promising high returns from loans backed with your BTC.

You are misunderstanding how the loan works. Its not "your" btc. You didn't put up anything....you are free to go get a traditional mortgage and pay it off.

If, however you are bullish on bitcoin AND need a loan for a house, this option allows you to get a house in far less time than it normally takes.

121 sats \ 0 replies \ @javier 10h

Fiat money is just promises (loans) that are paid with more promises that are paid with more promises and so on. These promises never get redeemed, which means they create money every time a credit is issued, and therefore there is always inflation. They try to control this inflation by adjusting the amount of economy expansion with the interests charged on the promises, but the truth is that this has the incredible side effect to exponentially create higher and higher bubbles in cycles until the final one, which gets totally out of control, and destroys the country. It has happened all the time with smaller countries, and the only reason it is not happening so hard with bigger ones is because risk is reduced by transferring it from weaker to stronger fiat currencies. But eventually, the big wave will come to the big ones, and then there is not only those big countries which will get destroyed, but almost the whole of the global economy.

I believe this will happen between 2030 and 2045, and it will be the end of the fiat world as we know it, and of course, the emerge of Bitcoin as the global currency.

It is our task to educate people into this warning: never let them transform Bitcoin into a pseudo-fiat by allowing fractional reserve and promises over it, or Bitcoin will just end the same way fiat always ends.

21 sats \ 4 replies \ @Rothbardian_fanatic 13h

You put up your signature, your honor and your credit. Are you lending your crypto or BTC out? There is that scam out there.

111 sats \ 1 reply \ @freetx OP 13h

Semi-correct but low self-esteem take:

you put up your signature.
banker conjures worthless money
banker puts x% of worthless money into bitcoin
when bitcoin goes up, banker cancels your loan and you keep house

High self-esteem take:

Let dumb bankers pay off their own trash-money loan and keep free house.

107 sats \ 0 replies \ @DarthCoin 13h

You are literally supporting a fiat system instead of crushing it. You are not far from their evil.

0 sats \ 1 reply \ @ek 13h

Are you lending your crypto or BTC out? There is that scam out there.

it's a mortgage ...

20 sats \ 0 replies \ @Rothbardian_fanatic 13h

Yes, that is a heavy weight forever scam! There were no bitcoin about when this came up for me. I paid for my first house in cash-on-the-barrellhead, no mortgage. I got the bare experience of taxes without an escrow account. Twice a year I went to the tax office and gave them hell as long as I owned that home. Closing on it was a breeze.

1107 sats \ 3 replies \ @DarthCoin 13h

Please read again what I just posted, is from the fucking central bank, saying clearly how they create the money with your own signature for the loan.

STOP using these legacy financial systems. Stop using fiat. You do not have enough money to buy a house with your sats? Fine, work harder, rent a cheap flat and stack more sats until you have enough.

Going to continue taking loans is continuing the fiat world. Each time you take a loan YOU are the one creating those money ! So why in the hell you are still paying them back or even taking the loan? FIAT DELENDA EST.

28 sats \ 2 replies \ @Rothbardian_fanatic 13h

FIAT DELENDA EST.

I'm loving it!! Down with banksters and their whole mob.

207 sats \ 1 reply \ @DarthCoin 13h

I do not understand why so few bitcoiners really understand the importance of destroying all fiat rails, once and for all? They keep going over and over to the same fiat shit and cheering up that some bullshit bank is giving them a fiat loan with the money they created themselves and on top of that they are charged interest for their own money LOL.

20 sats \ 0 replies \ @Rothbardian_fanatic 12h

Not all of the bitcoiners get exposed to differing ideas of economics and common sense. They have been thoroughly brainwashed by THEM throughout their lives. Now the bitcoiners live and breathe fiat that has been enriched with BTC. Perhaps soon they will be breathing BTC contaminated with fiat.

20 sats \ 1 reply \ @mo 2h

This info is not correct. Those signing the contract are the one creating the money...

0 sats \ 0 replies \ @DarthCoin 2h

And the loan is not a contract?

21 sats \ 4 replies \ @Rothbardian_fanatic 13h

This is the right way to look at it. You are still a debt slave, still paying the loan and the interest on the loan, heavily, while they hold the collateral and the BTC. You shouldn't even be giving the bankers the sweat off of your balls

200 sats \ 3 replies \ @DarthCoin 13h

Is right there written black and white, from the same central bank saying how the money are created: WITH YOUR FUCKING SIGNATURE FOR THE LOAN. They do not even lying. But people are still fucking blind...

LOL Bezmenov was right

21 sats \ 2 replies \ @Rothbardian_fanatic 13h

How many of us are:

A person who is demoralized is unable to assess true information.

This is what public education and news media do to people, without remorse! THEY are communists and the originators of communism. We have to shake off the demoralization through our own research into good resources.

0 sats \ 1 reply \ @DarthCoin 13h

I am really tired of screaming out loud the truth and nobody seems to care...

20 sats \ 0 replies \ @Rothbardian_fanatic 12h

Console yourself that you are doing the best you can to save as many as possible. That is all you can do. You are the voice in the wilderness! Please keep screaming!

21 sats \ 3 replies \ @OT 11h

Its quite simple and brilliant. 1 BTC buys you a house currently worth 5 BTC.

What happens when Bitcoin goes down and the value of the property also goes down? You would have to add collateral right?

154 sats \ 2 replies \ @freetx OP 11h

Nope. Its a mortgage. You just keep paying your normal mortgage.

By the way, just to clarify, you didn't put up that 1 BTC....the lender bought it.

21 sats \ 1 reply \ @OT 11h

Right, so the ideal situation is that Bitcoin does something like a 6x in 4 years and it has paid itself off. What happens if it does 10x? Who gets the remaining BTC/fiat?

11 sats \ 0 replies \ @freetx OP 10h

Thats a great question, I don't know the answer, the obvious 2 possibilities are (a) Lender keeps it, or (b) You keep it.

I suppose it all boils down to, what is the Lenders true motivation? If he is really just focused on being a traditional fiat lender (with BTC collateral option), then perhaps the borrower keeps the overage. (ie. Once the loan is satisfied the borrower keeps all assets he purchased with the loan).

However, if the Lenders true motivation is to stack sats, then he would keep it. (In this case, the theory would be the Lender "had claim" to the Bitcoin since it was a collateral asset and he winds up taking control in exchange for property release).

10 sats \ 0 replies \ @Bee_Aye 12h

this would be so cool, love the idea

21 sats \ 0 replies \ @Rothbardian_fanatic 13h

What??? THEY have the keys? Oh, yeah, sounds great! How often will THEY rip you off. THEY get to hold the BTC, right? The BTC is not yours while they have the keys.

0 sats \ 0 replies \ @Solomonsatoshi 9h

Past performance is no guarantee of future results. Using fiat debt leverage to speculate on Bitcoin price is Saylors thing. It is a highly questionable and cynical approach...and plays into the banksters capture and control narrative that Bitcoin is simply a speculative commodity. I have built three houses with Bitcoin and zero use of fiat debt slavery. Build on sound foundations, not those of crumbling and corrupt fiat.