Yes. In the sense that I would never recommended someone to do this. I believe in the "stay humble and stack sats". To me this also means don't participate in such schemes in hope to get even more gains.

With that said, it's not impossible that the people who participate in this scheme end up winning from it. At the end of the day I'm also bullish on Bitcoin and bearish on fiat. I also have this fomo and the temptation to leverage myself.

My biggest problem with those loans is that they aren't being sold to us in an honest manner. First of all, we're told it's a way to keep ownership of the coins but by definition a loan means you lose complete custody and therefore they are not yours anymore. Also we're told they are a revolution in finance when, if we're being honest, it's just a way to go leverage and will eventually disappear as a service.