Everyone would want Bitcoin at $60k. Nobody wants it on the way to $60k.
In a world addicted to debt and control, there is a freedom in code.
For every happy bitcoiner there exists at least one person who got rugged by the state out of their fiat savings
๐Ÿ“… October 13th, rates start at 5% APR ๐Ÿš€ ๐Ÿ”น5% for our @paywithmoon prepaid card ๐Ÿ”น5% in USDC on Polygon ๐Ÿ”น10% in USDC/USDT on Ethereum ๐Ÿ”น10% in Euros ๐Ÿ’กA Bitcoin hodler locks their BTC on-chain and agrees to pay you the yield. It's that simple ๐Ÿคทโ€โ™‚๏ธ image
BITCOIN VS ALTS: Building decentralized finance (DeFi) on Bitcoin is safer and cooler than building on Ethereum. Here 5 reasons is why ๐Ÿงต 1๏ธโƒฃ BTC collateral sits on one of the deepest and most liquid markets. Global spot and futures trade around the clock. High volume and tight spreads mean you can size in and out with less slippage. More depth during stress helps reduce cascade liquidations. image 2๏ธโƒฃ Bitcoin keeps the base layer simple and conservative. Bitcoin ossification is a feature, not a bug. Frequent hard forks inevitably leave part of the community behind, or create a culture of accepting changes without caution. As the OP_RETURN limit debate showed, every modification in Bitcoin is carefully studied. Performance will never be prioritized over decentralization and security. Your collateral relies on predictable rules, not on fast features or experimental code paths. Here is a list of Ethereum's hardforks: https://ethereum.org/en/history/ 3๏ธโƒฃ Locking collateral on Bitcoin trims the attack surface. You can use time locks and multisig instead of stacks of interdependent contracts. Fewer external oracles and governance switches. Less to break, less to exploit. image 4๏ธโƒฃ Bitcoin is more decentralized and harder to censor. - Bitcoin has over 100k independent full nodes enforcing the rules. - Although concentration in the US is concerning, hashrate is now spread across diverse operators, improving compared to the 60% once based in China before 2021. - No single team can flip a switch to change how your collateral works. It is just UTXOs. 5๏ธโƒฃ Borrowing against BTC lets you keep upside while unlocking liquidity. In many places you may defer taxes because you are not selling. Repay with future income. If your thesis plays out, you reclaim your BTC and the gains. Always know your LTV and liquidation rules before you borrow. ๐Ÿ‘‰ END: We criticize Ethereum, but we are pragmatic. It enabled stablecoin growth and made Lendasat possible. $USDT and $USDC are useful for self-custodial lending, but Bitcoin network offers stronger assurances and decentralization than other chains. As stablecoins move to Bitcoin through Taproot Assets, RGB, or Ark, BTC-backed loans can become safer, simpler, and easier to use. We are not bullish enough!