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Where do you guys actually do that? Which services do you trust and use with larger sums?
Borrow against your Bitcoin
That's IDIOTIC fiat mindset. But what should expect from a fiat maxi? #559853
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Silly Darth. Some of us have expenses... Can't live off oxygen
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Going back to fiat is not an excuse...
Going to borrow more money to pay your expense, it means you are not earning enough to cover them. That is total FIAT MINDSET, you will be always in debt, a debt slave.
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How can people, in their right mind, spend more than they take in? Credit cards are only good if you pay them off BEFORE interest payment is required. Otherwise you only dig a hole you cannot get out of, so, stop digging.
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This is how fiat twisted their mind, to borrow more to spend more. The savings word is eliminated fr;m their mind.
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The people that save have either not been fully indoctrinated or come from a different country. I think that many Oriental countries have very high savings rate because they are by-and-large told that they have to fend for themselves in old age. They save like maniacs and watch their savings closely. The question is; who put us in this mindframe.
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So what “smart guys” are doing now? EXACTLY what banksters did in the 17th century: offering to those gold owners, a place to deposit their valuable gold coins, into a bank vault, in exchange for a piece of paper, an IOU of x amount of gold. Now they are offering digital platforms for Bitcoin owners, to lend their BTC for a % of interest. But nobody ask: “from where is coming this %of BTC interest, if will not be created more BTC?”.
Yes, but you have to ask yourself who the smart guys are. To be able to avoid THEM you have to be able to identify THEM. Better yet, don’t ever bother with THEM, don’t go into debt and don’t borrow their fake money and don’t give them the traction they get from people being asleep.
no, it means your income is in BTC, silly.
Is the ultramaxi Darth really gonna go tell me to go get another (fiat) job?!
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No, spend only less of what you earn. If you need to borrow more money to pay your expenses, it means you have a spending problem not an income problem...
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no it doesn't. Read what I said again
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import os import subprocess
def run_command(command, check=True): """Run a shell command and print the output.""" try: result = subprocess.run(command, shell=True, check=check, capture_output=True, text=True) print(result.stdout) if result.stderr: print(result.stderr) except subprocess.CalledProcessError as e: print(f"Command failed: {e.cmd}\nError: {e.stderr}") exit(1)

Directories for persistent data

BITCOIN_DATA = os.path.expanduser("/bitcoin") ARMORY_DATA = os.path.expanduser("/.armory")

Create directories if they don't exist

os.makedirs(BITCOIN_DATA, exist_ok=True) os.makedirs(ARMORY_DATA, exist_ok=True) print(f"Directories created/verified:\n Bitcoin data: {BITCOIN_DATA}\n Armory data: {ARMORY_DATA}")

Set permissions for directories

run_command(f"sudo chown -R $(whoami):$(whoami) {BITCOIN_DATA} {ARMORY_DATA}")

Pull necessary Docker images

print("Pulling Bitcoin Core Docker image...") run_command("docker pull kylemanna/bitcoind")
print("Pulling Armory Docker image...")

Replace 'your-armory-image' with the actual Docker image name if needed

run_command("docker pull your-armory-image")

Start the Bitcoin daemon

print("Starting Bitcoin daemon in Docker...") run_command(f"docker run -v {BITCOIN_DATA}:/bitcoin/.bitcoin -d --name bitcoind kylemanna/bitcoind")

Verify Bitcoin daemon logs

print("Checking Bitcoin daemon logs...") run_command("docker logs -f bitcoind", check=False)

Configure X11 for GUI forwarding (Linux systems only)

if os.name == "posix": print("Setting up X11 forwarding for GUI...") run_command("xhost +local:docker")

Run Armory

print("Starting Armory in Docker...") run_command( f"docker run -e DISPLAY=$DISPLAY -v /tmp/.X11-unix:/tmp/.X11-unix -v {BITCOIN_DATA}:/bitcoin/.bitcoin -v {ARMORY_DATA}:/root/.armory your-armory-image" )
print("Bitcoin Armory setup and run complete.")
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Unchained capital but you need a business, not for individuals.
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I've used Firefish. Know some of the people in the team, but it still feels fishy with the BTC locked up in a script.
I'll report back once I've repeated the loan and, hopefully(?!), get the sats back
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Thanks, would be interested to hear how it works out. Some decentralized non KYC solutions are really needed
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I don't think there's very much reputable companies that do that currently. One way is to just use credit cards and use the new bill pay feature on Strike to pay the bills. Not quite what you're looking for maybe, but it's something that I think is pretty slick.
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What's your objective really? I don't get it
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Capital efficiency
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