13% interest is still predatory in a world where Bitcoin is supposed to free people from debt slavery, not rebrand it.

If you truly believe in Bitcoin, do everything possible not to sell or borrow against it unless you're in an emergency or running a high-conviction, profitable business. Borrowing fiat to go on a trip or buy a car is the same fiat mindset just with new packaging.

Jack has turned into a fiat loan shark. Not to be trusted.

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Yeah, I'd just remind you that we're not on the practice round of life, this is it. This is the one. If there's something you want to do with your life, don't let money, hard or not get in the way.

There's nothing wrong with debt, be it monetary, a favour to your neighbour, a cheeky beer or two to your health.

Life happens on the middle ground.

He's offering a product with unique tradeoffs, you don't have to buy it, get on with life.

The people who are going to use the product are going to leverage less than 15% of their bitcoin annually. If bitcoin's cagr holds up, this isn't an issue, and the apr is less than the taxes on selling the bitcoin.

I don't see a problem if it is used judiciously.