Went from “no banks” and “not your keys, not your coins” to… nothing says freedom and sovereignty like lines of credit from a centralized platform Bitcoin-backed lines of credit = margin loans in a hoodie, no matter what influencers or CEOs tell you. Nobody has status in bitcoin.

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Fromack 🏔️'s avatar
Fromack 🏔️ 4 months ago
Spot on. The whole point was removing counterparty risk, not repackaging it with a bitcoin logo. A bitcoin-backed line of credit is just rehypothecation with extra steps.