Replying to Avatar Muslim Bitcoiner

The way I see it, the growing popularity of Bitcoin backed loans signals a high time preference shift in how bitcoiners treat their btc.

They don't see it as genuine savings anymore, but as collateral, something that needs to be used right now, not tomorrow.

While some might see this as a good thing (since they will ignorantly claim that HODLing is not considering 'using' btc), I worry it reflects a fading HODL culture.

We need to bring back this toxic mindset that makes Bitcoin more resilient:

Long-term holding and self-custody! nostr:note1qpgcp27vfxt6c75uef8ljd2j0234pv75l6ze86f7kj46pz89gvzqpumrvl
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alp 8mo ago

Bitcoin-backed loans are real nonsense. What happened to Stack, Hodl, Spend, Replace? You once posted a table where you could sell a certain percentage of your stack each year and still come out profitable over the years. That's the only valid way for me to have something from my stack today.

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Tauri 8mo ago

Holding without spending Bitcoin is a losing strategy long-term.

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alp 8mo ago

Imagine holding and holding without spending for years and then you lose your seed phrase or you die or something.