Replying to Avatar Satoshi_shrugged

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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Deleted Account 2y ago

So you are recommending leveraging your corn?

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Satoshi_shrugged 2y ago

I believe some responsible leverage makes a lot of sense. When bitcoin is at $1mil + and you want to take advantage of some of that purchasing power. We know that the dollar is going to zero so if you can get favorable loan terms I think it is a smart move. What is the point of Hodling forever if you never get to enjoy any of the gains?

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Deleted Account 2y ago

You can enjoy by buying high value things with your corn.

I sit in the camp of trading $ for corn, but never trading corn back to $ and instead waiting until things can get bought directly with corn which will not be a mainstream thing for atleast 10 more years most likely