Sr, It was not me who talked about a loan backed by bitcoin. I sustain that if I need cash and the price is very low , I will take a loan instead of selling btc, but I never said I would use it as collateral. It was Joe who used what I said for an advertisement and actually I was not very happy about it.

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Apologies Gabi, I used your passing joke as a segue to the Xapo segment. darth has construed that you are in some way in on this, but it’s not the case at all!
@DarthCoin ₿⚡️Sir, you're making several assumptions: 1. You're assuming I don't know this information. Is this some kind of prejudice? 2. You're assuming that when I talk about a loan, it's with a bank. I'm not creditworthy in my country; I don't have a credit card or a credit history. I have friends. How is taking out a loan the same as selling Bitcoin? In my case, they're different things. If I sell Bitcoin to pay suppliers at half the price I received it for, I'm defunding my business. If I take out a loan to keep working until the price recovers and then reuse those funds without defunding myself, it's not the same. If you like theories, you've probably studied the characteristics of good money, and one of them is that it's widely accepted. Well, that's not the case with Bitcoin, and I'm part of a movement to expand its use, but we're not there yet. So I still have to use fiat currency to pay suppliers, and I'm not going to bankrupt my business by selling cheap BTC instead of getting some liquidity another way. Yes, fuck banks and death to the Fiat and the whole 9 yards, sounds good, but I live in the real world where the Fiat still rules. Saludos ✌️