Has anyone ever looked into / rationalized a Bitcoin loan. I have dug deep into Ledn. 12.9% interest, $6001 minimum, 12-month term.
I cannot conceive of any situation where that loan helps me in the slightest, even in the face of a 23% credit card (I've got one that I'm working down).
I was thinking of doing the opposite... Nelson Nash, infinite banking, whole life insurance, high cash value, tax-free loans, HECV policies... yada yada... Then go buy bitcoin. Where does Saylor get all of his "cash" from? Will nation states just start doing this? Borrow their way into the Bitcoin transition? Bitcoin is just fiat... BUT a much more accountable and superior form of fiat. The question is, has it already become the de-facto unit of account?
You're confused ... just read and reflect more young Jedi.
So you must be a Bitcoin Inevitablist? 😁 Yes fiat is falling apart. I could feel it when I published LibertyBudget.com (defunct site). Basically, I wrote a spreadsheet that converted all the Monopoly bucks back into the universal constant of hours, so people could see how many hours each of their bills and purchases cost.
I am not confused. I'm just not committed yet.
Bitcoin is fiat? Are you insane?
