Replying to Avatar utxo the webmaster 🧑‍💻

Even 1 of 3 seems very pointless if two parties can collude to take the coins. Seeing them on chain still doesn't say much, they can still be rugged at anytime, it's a false sense of security

Imo just stay humble stack sats in cold storage, don't ever worry about any of this, and just spend/sell coins when needed
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Marc 6mo ago 💬 1

Yeah, nothing beats that advice. Loans are more risky. There is no protection against 6102 attacks.

That's the biggest risk with these trad-fi products.

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Marc 6mo ago

I can also get an uncollatoralized loan for under 7% so it really doesn't make sense for most things.

It's only good to temporarily let the bank know you have money in the bank to qualify for a mortgage. This didn't exist when I bought my house and I'm glad because I might have gotten myself into trouble.

It was painful to buy fiat maxi bucks though.