The way I see it, the growing popularity of Bitcoin backed loans signals a high time preference shift in how bitcoiners treat their btc.

They don't see it as genuine savings anymore, but as collateral, something that needs to be used right now, not tomorrow.

While some might see this as a good thing (since they will ignorantly claim that HODLing is not considering 'using' btc), I worry it reflects a fading HODL culture.

We need to bring back this toxic mindset that makes Bitcoin more resilient:

Long-term holding and self-custody! nostr:note1qpgcp27vfxt6c75uef8ljd2j0234pv75l6ze86f7kj46pz89gvzqpumrvl