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Replying to Avatar Toxic Bitcoiner

Using Bitcoin as collateral to buy a house is not a fix for the housing affordability problem, it’ll only make it worse and make you more vulnerable to The Great Taking.

The fix:

- Force the Fed to sell its ~$2T in MBS that it bought with printed aka stolen money.

- Remove government implicit/explicit guarantees for ~$10T in MBS held by Fannie, Freddie, and Ginnie.

Elected officials have the power to remove these distortions to the free market.

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scl 2mo ago

This! But never gonna happen

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Toxic Bitcoiner 2mo ago

Not with that attitude

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scl 2mo ago

My plan is too exit and go around it. Everyone else can chase fiat

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