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Updated 3 months ago on . Most recent reply

User Stats

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Rob Kishi
  • Investor
  • Oakland CA & Las Vegas NV
112
Votes |
72
Posts

Bitcoin continues to become the most pristine collateral asset

Rob Kishi
  • Investor
  • Oakland CA & Las Vegas NV
Posted

Milo, a US-based lender is now offering bitcoin-backed mortgages with no downpayment, no credit requirement, no DTI, no bank statements, and 100% financing. This is the start of exciting disruption and innovation as the digital assets space matures and further melds with traditional and antiquated finance.

Stack sats, use them to fund real estate without sacrificing the appreciation, invest the gains from real estate to stack more sats, repeat. 

Bitcoin is the most pristine collateral asset that exists today.

Most Popular Reply

User Stats

72
Posts
112
Votes
Rob Kishi
  • Investor
  • Oakland CA & Las Vegas NV
112
Votes |
72
Posts
Rob Kishi
  • Investor
  • Oakland CA & Las Vegas NV
Replied

There's not a lot of specifics or facts in your response, so I'll pose a few more questions:

How many currencies (and economies) has the world seen come and go over the last several centuries? Is that because they resembled and practiced sound monetary principles or weak ones?

Does the US monetary supply (pictured below) look like "control" to you? How do you think governments will handle future economic calamities when they happen? 

Remember when it was not possible to print money out of thin air? 

Believe it or not, money was once backed by more than just the government's good graces, and for good reason. It has been over 50 years now since the United States decoupled the national currency from its gold reserves and changed the course of economic history.

source: https://fred.stlouisfed.org/se...

The fact of the matter is that all nation-based currencies trend to zero over the long-term due to increasing government debt, supply expansion (to finance the economy), or societal collapse. We've seen/are seeing it happen in ancient civilizations (fall of Rome) and contemporary ones (Turkish Lira, Argentinian Peso, Venezuelan Bolivar, several countries in Africa and the Middle East, and most recently the Russian Ruble). Why do you think several countries have to "adopt" the dollar? Do you think it's because they believe it's so amazing they want to run their entire sovereign country on it?

I'm not saying the financial system doesn't provide value and do recognize that Bitcoin's story is still very early days, but it doesn't take much to see the current way of doing things is not sustainable. There will be generational ramifications for the unprecedented events happening today, no way around it at this point.

Being a great investor is predicting the future and buying some of it. We all have a choice to make, and resisting change (especially in today's economic climate) can be costly. Denying the fact that digital assets are going to play a major role in the global economy of the future is like denying the internet's disruption back in the late 90's or early 2000's. The only real doubters were those that didn't fully understand it or the impacts it would have on the status quo.

There are actually much more reliable and transparent controls governing Bitcoin than any administration-sponsored paper money has. It may be beneficial going a bit deeper into how money, fractional reserve banking, and Bitcoin work. There's a lot of content online if you'd like to do more investigation. 

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