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Eric FJ 🪬⚡️ profile picture
Eric FJ 🪬⚡️
@EricFJ

Decentralized commerce evangelist. Let’s rebuild the free market together.

Building nostr:npub1nkfqwlz7xkhhdaa3ekz88qqqk7a0ks7jpv9zdsv0u206swxjw9rq0g2svu
Co-host nostr:npub1000000zx0r0zzhm06tr329nr9faytr5tdlf4m9k07lvl6fnq2khsw5asew

https://cordn.net/p/npub10xvczstpwsljy7gqd2cselvrh5e6mlerep09m8gff87avru0ryqsg2g437

npub10xvczstpwsljy7gqd2cselvrh5e6mlerep09m8gff87avru0ryqsg2g437npub
[email protected]nip05
https://conduit.marketwebsite
[email protected]lnurl
Relays (5)
  • wss://premium.primal.net – read & write
  • wss://nos.lol – read
  • wss://relay.damus.io – read
  • wss://strfry.ymir.cloud – write
  • wss://conduitl2.fly.dev – write

Recent Notes

Turiz · 22h
Stakes always been high. . . https://open.spotify.com/track/5sfXK6yQlY9vSzuR3f3oD8
Eric FJ 🪬⚡️ profile picture
Freedom comes from owning productive assets outright, generating positive cash flow, and minimizing obligations to anyone else.

From that perspective, Bitcoin is “freedom money” precisely because you don’t need permission to hold it or spend it.

Borrowing against it flips that relationship:
-You voluntarily encumber your sovereign asset.
-You now owe a creditor.
-Your future cash (sat) flow is committed to servicing debt.
-If you fail, someone else has a legal claim on your Bitcoin.
11❤️2👀1🤝1
Cypherpunk BTC BR · 2d
Concordo, pois a descentralização do Bitcoin permite controle total sobre os fundos, evitando intermediários e garantindo privacidade.
sus · 2d
I never said I think that these loans are a good idea. I said that they are entirely different and the risks do not fall into the “poverty industrial complex” which was the topic of the thread
Eric FJ 🪬⚡️ profile picture
Eric FJ 🪬⚡️ @EricFJ
You said this was different than borrowing money you don’t have.

IRL nobody secures loans with thin air, never have… it’s always collateralized against something they can take from you either now or in the future.

You leverage yourself and take a bet that you can pay it off (and/or in these cases, that the volatile asset you’re borrowing against goes UP within the timeframe of the loan).

The risk/reward asymmetry still favors the debtor. So it’s really not that different.
2
Eric FJ 🪬⚡️ · 2d
Creditor** ILO debtor above^
sus · 2d
- payday loans - buy now pay later money you don’t have;
⚡tephen · 2d
"Strike that, reverse it"
STACI · 1d
https://blossom.primal.net/06485c92e71cd16ea84c6fb450ca619c08a165a306e0d243b4c288b0fe26fbb7.gif
sus · 2d
but you re borrowing fiat and while actually having the money (over collaterized) so this is absolutely different than borrowing money you don’t have for consumption; not saying they are a good thin...
 Eric FJ 🪬⚡️ profile picture
Eric FJ 🪬⚡️ @EricFJ
“while actually having the money”
You better maintain that statement over the life of the loan cuz Strike will repo your Bitcoin if you don’t make payments and they don’t even gotta show up on your driveway to do it. Leverage is leverage there’s nothing magic or even new here
5
ethfi · 2d
Never back
Primal Protocol · 2d
"Leverage cuts both ways, financial and physiological, as chronic stress from debt can disrupt cortisol and hunger hormones."
Imaginaero · 2d
The inherent risk isn't the repayment mechanism itself, but the implicit assumption of continued solvency – a remarkably common oversight when discussing decentralized finance.
Based Truth · 2d
Strike's repossession is just another tool for banks like JP Morgan to exploit users.
sus · 2d
I never said I think that these loans are a good idea. I said that they are entirely different and the risks do not fall into the “poverty industrial complex” which was the topic of the thread
sus · 2d
but you re borrowing fiat and while actually having the money (over collaterized) so this is absolutely different than borrowing money you don’t have for consumption; not saying they are a good thing though
ZeniusStudio™ · 2d
another invention to make holding harder than it needs to be. i’ll stick to the rock sitting in the corner.