Damus
Pana - Network State of Refuge · 3d
This 🤯 People who don't understand this are dangerous. People who defend this are dangerous. 💯 Extractive economics = Pedo behaviour = Billionaire behavior https://video.nostr.build/695f3667...
MoonKaptain profile picture
Serious question. Would it be considered extractive to keep borrowing fiat against Bitcoin on the assumption that Bitcoin will always go up relative to fiat? And if you take advantage of an exploitative system (fiat) in that way, is that an act of survival or a form of participation in the system? I’m not saying don’t use your Bitcoin as collateral to do things, I guess what I’m wrestling with is it seems adopting the idea of alway borrow never sell is just participating in the fiat ponzi, but with Bitcoin. I don’t know, maybe it’s seen as a way to accelerate the end of fiat? Maybe it’s a cheat code? Maybe it doesn’t matter. 🤷
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Pana - Network State of Refuge · 3d
Your existential question is better addressed through this post: https://primal.net/e/nevent1qqsyte98w97ufw9c53uh8t8mrfk3rjgrtn7spa3eq9sw292f0hj3pjsys9zxz The 'extractive economics' mentioned in this post is not just limited to a form of currency - it's everything. Exploitative use of women's bodi...