Just so you are aware, the downsides of borrowing fiat against Bitcoin are:
a) It’s back to KYC fiat banking, and NOT a circular economy
b) Bitcoin becomes more volatile, as everyone is long on leverage
c) The volatility makes it harder to price goods/services in sats. And forces pricing in USD
What about borrowing Fiat to buy Bitcoin?
that's what this is. using the bitcoin as collateral, to borrow fiat. it's a synthetic buy.
you're saying like buy bitcoin on margin with an equity type broker / futures?
or literally bank borrow and go buy it?
Literally borrow from bank and buy
That's your decision, more related to price and investing. It's certainly better than the alternatives like strike which are BTC->fiat spend
I'm trying to encourage people to not use fiat for everyday purchases, which is what these types of things become
You had me at KYC
#DontRiskItBisqIt
#KYCNotMe
Debt is servitude. Anyone encouraging you to take on debt is encouraging your slavery.
Smells like blockfi and Celsius again
