You're willing to give your Bitcoin to the fiat system to make a quick cuckbuck, but people who like private permissionless money are offsides. Bitcoin maxi hypocrisy is so dank!

I can't believe you would consider using any currency other than the hardest money in the world. Everything will be Bitcoin and all you need to do is HODL. Fiat is slave tech.

The concept is not a bad idea and people have made a lot of money doing it. I wouldn’t use a Bitcoin backed loan though because you tying up a hard asset and the rates are way too high. You have to find cheap debt and make sure you can manage the monthly payments. Typically this would be a car loan or a mortgage. Instead putting extra on this debt, put the money in Bitcoin. I’ve made thousands doing this and it is pretty low risk.

Not with coinbase. I can’t believe a person that knows about nostr would trust coinbase with their sats.

At current rates car loans are just as high.