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0 sats \ 6 replies \ @DarthCoin 28 Feb \ parent \ on: Stacker Saloon
lending what? stablecraps and fiat? That will perpetuate the use of fiat. That means we will never get away from fiat debt slavery.
Work harder, earn more sats, save your sats and later you will have enough to spend on stuff you really need. This is how Bitcoin works.
Do not try to adapt Bitcoin to existing crap financial system, change your (fiat) mindset and adapt yourself to how Bitcoin works.
You call yourself a bitcoin maximalist but in fact you want to go back to fiat... and you just pretend to be a bitcoiner.
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sounds like "where can i lend 1 BTC and get back 2 BTC?"
that is not how bitcoin and righteous economics work. instead, find the man who is willing to build something for you in exchange for sats - he builds it - u pay him - u then get to enjoy the thing. if u can then use the thing in order to catch up and surpass the amount of bitcoin originally invested, good for u.
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The example you mention is a simple case of freelance. I am referring to something bigger, with a greater social impact. A platform where developers and entrepreneurs who need capital to make their dreams come true can go. Then they take out a loan in Bitcoin at 3% or 4% to work. Then they pay back the loan also in Bitcoin. This contributes to the adoption of the Bitcoin economy.
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let's start with the extreme and work our way to an ordinary investment:
- what if i care about the problem of ch!Id trafficking and want to invest in people who fight those crimes? shud i expect a yield in dollars, sats, or any kind of money in order to battle these crimes thru yield-generating investments?
- ok, ch!Id trafficking is extreme. what about orphanages? how much yield shud i get on investing in those?
- fine, let's take instead... parent education, so that they don't end up giving their children to orphanages, from where the ch!Idren end up being trafficked. how much yield shud i get on investing into parent education companies?
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What you just explain will work in a fiat economy. In a Bitcoin economy it doesn't work. You cannot pay a % interest IF YOU DO NOT LOSE MONEY.
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I want you to watch this short scene and pay attention to what is explaining.
Then replace those coins is showing as example with bitcoin.
And tell me how in the hell will work a "lending sats for sats platform" with bitcoin (limited supply and verifiable).
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