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@ DRE
2025-05-10 22:18:12
Fiat institutions collecting interest by lending dollars to people pledging bitcoin as collateral is not strengthening the fiat system? Common
Two things can be true. This product both reduces sell pressure on bitcoin in the short term and strengthens fiat institutions that get that sweet interest thanks to their ability to magically conjure money out of thin air.
Assuming people will buy bitcoin with the borrowed fiat is that just an assumption. Any way you slice it you end up with people close to the money printer enriching themselves