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Or you could just treat that collateral as a credit line that's always growing, if it grows faster than your spending, just withdraw a portion of your collatera

Or you could just treat that collateral as a credit line that's always growing, if it grows faster than your spending, just withdraw a portion of your collateral. Just look at Youtube videos on makerdao, there's some good ones out there and try it for yourself once you feel comfortable with small amounts. Once you actually try it, you're going to be like "this is the future", every single one of my friends that tried came to the same conclusion.

MrMan 6y ago
Do you have any sense about what happens in the limit, like what if literally every person is sitting on a bunch of Bitcoin they earned at their job, which now pays in Bitcoin. Everything is denominated in Bitcoin, which is always going up in price. Everyone borrows some lame legacy asset X and collateralixes with Bitcoin. Do weird things happen? for example of Bitcoin is ubiquitous then the price of Bitcoin essentially gets factored out of the equation, so this magical leverage goes away. There are other effects but this idea that this is the future (or rather that this is a superior future ) seems a bit naive to me. Gravity will catch up to you no matter what.