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I have wondered about this as well. I don't feel comfortable with this whole refinance with new debt to pay old debt. Saylor and others talk about it as though it's a nothing burger, but for some reason, it doesn't sit comfortably with me. I don't know why, and I would like to find out. I would like to understand what that thing that is acting as a thorn is.
Indeed it keeps you one feet inside the system, but thinking about buying a house with sats and the likelyhood of that ending up in an exchange for blackrock or sailor to buy is terrifying. It's different from buying coffee that who receives will very likely spend on other small businesses or hodl.
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