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I understand this view. Borrow fiat against your Bitcoin rather than spending Bitcoin.

I agree, the financial argument is compelling.

However, borrowed fiat has a cost. That cost is loss of liberty. If I hold and spend my Bitcoin, nobody has any say or control over my life.

If I posses borrowed fiat, the creditor, bank and government all have a degree of control in my life.

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Matt 7mo ago

The control you mention is probably less important if you cap it at a relatively low amount. Say 10-15%. That way you can always tell them to fuck off if you don't like the terms. Just my 22 sats. I'm generally in favor of cash flowing my lifestyle. Spend and replace where I can and save the extra in the coin.

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Discussion

mike 7mo ago

This is personal choice, for me,1 penny is too much control.

Matt 7mo ago

Fair enough. I tend to feel the same way in my personal life. I just don't like the feeling of owing someone else either.