The standard 50% LTV is a 2x leveraged trade. It also creates credit (money out of nothing), inflating the money supply. This is not sound money.

Is this a necessary phase we have to pass through as fiat becomes worthless and the more we hasten it the better? Or is this a new paradigm where fiat loans are here to stay?

And do we also agree that moralising is easy so long as you don’t have your finger on the money printing button 😂

Some interesting points here about the getting to zero lifestyle and earning rewards from apps like Fold. I was surprised recently to find I had over $20 in Sats back sitting in my Bitrefill account.

https://fountain.fm/episode/ukv5DVn9yYx8FbaxrBz2

Hello World