I'm somewhere in the middle between these perspectives lol! We need a balance and to not be overly reliant on credit systems. The most assuredly safe balance is to not borrow at all, and to just work and create and craft and provide and protect like a fucking madman.
Discussion
A lot of people are going to lose their corn doing stupid stuff like this. Even if they borrow responsibly, you donβt really know whatβs happening on the other side.
Why give a real asset for something created from nothing? What could possibly go wrong?
I only give fiat or other securities in exchange for borrowing fiat. Giving up full custody of my coins I already have? Nah brah. I thought about it, but I'll wait for a good smart contracts solution if I ever do it at all, and if I do, it's gonna be a really small amount. I think it's better to keep my securities world (fiat) separate from my commodities world (bitcoin).