To each their own, I just don't see how it's necessarily propping the system up any more than debitting fiat from a bank account. Youre in the fiat system less by doing it the way I mentioned. And youre getting a higher percentage back to buy more Bitcoin with lol At least I do with my particular card. So in a way, am I not draining the system faster?
Discussion
I think your way is totally fine. That's what Jack Mallers does too and it's what I'll be doing soon 👍 Thanks for sharing your ideas, brutha 🙏
If you hold debt, youre an asset on the bank's balance sheet.
I don't see how that's propping them up in any real sense. I pay no interest and get back more to put into Bitcoin than I do using debit.
You can make this argument at a surface level using their definitions for assets and liabilities, but I don't buy it in reality.
Especially for something like uncollateralized credit cards. We can call that an asset, but I wouldn't consider it an asset if I loaned someone money with no collateral or interest.
I'm not opposed to doing what I do with a debit card. I'd rather prop Bitcoin up by buying as much as possible more than I'd like to remove a faux asset from some spreadsheet at a bank. But like I said, whatever works. I don't know everything. There could be other benefits I'm missing. Just sharing my reasoning and why others may be doing what I do. I think that's why Mallers was brought up. I believe he does the same