I can see how leveraging the fiat credit/debt system while holding sats is a sensible approach. Even in the case of a default, your sats cannot be confiscated as long as the private key material remains solely in your possession.
For me, however, I place high value in not being bound to external parties in debt relationships. Dave Ramsey and my personal experiences with consumer financing has shaped my perspective in this regard.
I also believe that I store of value is only as good as your ability to spend it eventually.
Those two reasons shape my desire to fully purchase a home outright using bitcoin and bypass the lending system entirely.
jitters1254 / Jittering Blender
npub12p…x6r3e
2023-12-28 12:52:45
in reply to nevent1q…y8vz
Author Public Key
npub12p82gc4svdusfqdxacsnn8xec5lygcj8t6y6tek2g6p2y0u2p8rqlx6r3ePublished at
2023-12-28 12:52:45Event JSON
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"pubkey": "504ea462b063790481a6ee21399cd9c53e4462475e89a5e6ca4682a23f8a09c6",
"created_at": 1703767965,
"kind": 1,
"tags": [
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"content": "I can see how leveraging the fiat credit/debt system while holding sats is a sensible approach. Even in the case of a default, your sats cannot be confiscated as long as the private key material remains solely in your possession.\n\nFor me, however, I place high value in not being bound to external parties in debt relationships. Dave Ramsey and my personal experiences with consumer financing has shaped my perspective in this regard.\nI also believe that I store of value is only as good as your ability to spend it eventually. \n\nThose two reasons shape my desire to fully purchase a home outright using bitcoin and bypass the lending system entirely.",
"sig": "479a30a03f77b36ff76af141191f6c361da21f5f9d757c227f582bb2fe0fe641cfec861c098d5dae30a9edd1782e1f450107f4b242abe55eba6fddb283799a8e"
}