So what’s a better solution?

Thanks!

https://youtu.be/vU1-uiUlHTo?si=FkgrFnJXfottmkom

Legitimate question: can we Bitcoiners band together and crowdsource an org that buys businesses that do nefarious shit like this and just put them out of business? I’d pay into that. 🧐

Meet Bitcoin — Female Regal Jumping Spider

Stacked sats-orange chelicerae. No filters, the color really pops. Alert, curious, and always watching like she’s validating blocks.

🪙 Bitcoin only

🏠 Custom jumping spider enclosures available

DM for sats + details.

I think so too

Selling spiders at Spooky Empire (Hyatt Regency Orlando, Oct 31- Nov 2, 2025)

https://blossom.primal.net/1dbc41c123d725ac11c206ff00bd9d085456c064122df1646be81de4a50cac47.mov

Is this ghoulish enough?

Why a Bitcoin-Backed Loan Might Not Be the Magic Bullet: A Personal Exploration

Lately, I’ve been diving into the idea of using Bitcoin-backed loans to cover certain expenses—like a credit card bill—without selling any of my Bitcoin. On paper, it sounds like a great idea: take out a loan using BTC as collateral, hope that Bitcoin appreciates, and pay off the loan later. But after running the numbers and looking at the real terms, I realized it’s not quite that simple.

The Basic Premise: Borrowing Against Your Bitcoin

The idea is straightforward: you put up your Bitcoin as collateral, and in return, you get a loan in dollars. Over the loan term—let’s say a year—you pay some interest, and at the end, you pay back the principal. If Bitcoin’s price goes up enough, you can refinance or pay off the loan easily. If it doesn’t, well, things get trickier.

The Reality Check: Interest Rates and Timeframes

Here’s where the numbers come in. If you’re looking at a one-year loan with an interest rate around, say, 10 to 13 percent, Bitcoin has to grow significantly just to break even. In fact, you’d need Bitcoin to grow by something like 40 to 50 percent in a year just to cover the loan and interest and not end up with less Bitcoin than you started with.

The Catch: Refinancing and Bear Markets

Now, what if you can refinance the loan every year? That sounds like it might solve the problem, right? In theory, if you can keep rolling over the loan and let your Bitcoin appreciate over multiple years, you might eventually come out ahead. But there are a few catches: if Bitcoin has a down year (a bear market), your loan-to-value ratio spikes and you might not be able to refinance. That could leave you in a tough spot, potentially forced to add more collateral or even sell some Bitcoin.

The Conclusion: It’s Not a Free Lunch

In the end, while the idea of using a Bitcoin-backed loan to cover expenses without selling your BTC is appealing, the reality is that it’s a bit of a gamble. You need consistently high Bitcoin growth and stable market conditions to really make it work. If there are bear markets or if interest rates rise, the math can quickly turn against you.

So for me, after running through all these scenarios, I realized that just paying off the bill directly with my own funds is simpler and less risky. It’s not that the loan option is never useful, but it’s definitely not a guaranteed win. Sometimes the simplest route—just using your own money—is the best one.

Some of my monsters (in honor of Halloween week!)

My wife’s latest creation for me! BIGFOOT

Ace—the spider who lives in this creation—is up behind the acorn, he’s having dinner (a mealworm).

If you’re interested in your own custom creation and spider, reach out: hellomisterspider.com

Note: We also accept bitcoin!

I don’t have a meme but this is my absolute favorite photo of my dog, Frankie

Any bitcoiners that make custom (neon/light up) signs? I’d like to get my wife a gift for her business and wanna trade some sats for it.

Ace gets a fly! A short film by the Bitcoin Evangelist

https://blossom.primal.net/21d0b8b2f8152f3765dbb2b36f29b862a6cc9efd4ae9244863c7558a9e982010.mp4

Back end — I do enterprise CMS development on Kentico CMS. It’s .net / C#

They aren’t for everyone! But these guys are super cute and are a great way to learn to respect spiders (that’s how I got into them, to get over my fear of spiders!)

They call them the cats of the spider world! They’re very curious and will definitely observe you as much as you do them!

These aren’t tarantulas, they’re jumping spiders! They only get the size of your thumbnail. They’re very gentle and friendly!

Funny you say that…that’s what I do for a living (yes, for real!) 😂

I sell spiders for Bitcoin. That’s right, spiders. 🕷️

My wife’s company Hello Mister Spider is now accepting Bitcoin for jumping spiders and custom enclosures. Reach out for more info.

nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgs2ys7q do you need a new pet?Imagine a custom Bitcoin themed enclosure and Bitcoin orange spider to go along with it

P.S. Sorry the audio is so quiet in the video!

https://blossom.primal.net/e79b8c57de7afb11ba6a46c9d8393669c8b99478425395b67b384e5a5fcea700.mov

nostr:nprofile1qqstm84k2lp9knmvmf5gw88zvfvar7duvfpqfplryfystdn55ug2gkspzfmhxue69uhk7enxvd5xz6tw9ec82cspzamhxue69uhkummnw3ezuendwsh8w6t69e3xj7snvrvyr where’s the best place to get your books/writing?

An update on yesterday’s vlog post about attempting to orange-pill my neighborhood via Facebook!

#vlog 2 @primal

https://blossom.primal.net/d1b9e34e81176ae97b8275c6f5cccf15a06c9ebb3344b375a949051452bf1a19.mov

My first vlog ever. I look sleepy. I laughed, I cried. And I tried finding the worst faces to start and end clips on, for your entertainment—case in point, the thumbnail. Hello fellow Bitcoiners, I’m Mike, aka the Bitcoin Evangelist, and I have plans to bring good into this world. 👋🏼

https://blossom.primal.net/39942eb246d9122ba085603a5b2e33663d1b609b2a33abb2f800fc8951a2d7b1.mov

Join my Bitcoin discord!

https://discord.gg/qzzExadf