Subnostr

security backed lines of credit (SBLOC) have been the tool of the ultra wealthy for a long time. The "Buy, Borrow, Die" strategy has proven to be extremely effective against the backdrop of a collapsing fiat currency.

Bitcoin is the most pristine collateral that humans have ever had and as it explodes in purchasing power over the coming decades I encourage all of you not to sell but to borrow dollars against your bitcoin in order to acquire more desirable assets. This is effectively a means of shorting the dollar as you pay back weaker dollars in the future and your assets continue to appreciate.

We all might as well use the Cantillon Effect to our advantage

"Buy Bitcoin, Borrow, Die"

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Discussion

Deleted Account 2y ago

So you are recommending leveraging your corn?

Bitcoin Fortress 2y ago

Brisket 2y ago

I know it's the winning strategy in the fiat world. Borrowing constantly debased dollars to buy scarce assets.

I'm primarily concerned about my corn getting liquidated on a dip that I'd be happy hodling through. Of it being liquidated before I can provide more collateral.

I'm also concerned about the ethics of the arrangement. How can I knowingly take part in the scam? Yes it's legal, but it's still stealing value from those who work & save in fiat.

I can rationalise the action but it still doesn't sit well with me.