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While I'd probably never engage in this behavior, I support is wholeheartedly.

Getting a Fiat loan with BTC collateral means that Fiat inflation (money supply) has increased. This promotes BTC's price, which pays off the loan. The more people do this, the more Fiat is degraded and BTC is pumped...

I.e. this is exactly the speculative attack scenario:

https://nakamotoinstitute.org/mempool/speculative-attack/

Arotags 2mo ago

Never thought of this. Perfect explanation of this mechanism, thanks!

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Haikustr 2mo ago

Never thought of this

Perfect explanation of

this mechanism thanks

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