Saadya 'Nick' Chevan

Use bitcoin as collateral to get a loan. Use the loan money to buy bitcoin and pay your bills. It's the strategy the rich have claimed to use for years. But it's not. The real strategy the wealthy have used is to spin tales about complex financial products, promising untold riches to the poor. Bitcoin changed this. Finally, everyone had access to sound money that they could control themselves. Yet, instead of embracing this, we listen to billionaires' stories: Leverage your future. Borrow. You never have enough bitcoin. This isn't for me. I find it exhausting. Bitcoin taught me you can have enough, to escape the endless fiat rat race. I do think there is a place for using bitcoin as collateral for loans. But promoting this strategy recklessly is irresponsible. Even if the risky gamble pays off, it will never be enough. There's always someone with more bitcoin, willing to make an even riskier bet. History teaches us the outcome is always the same: you end up losing it all. I don't want to tell my future kids that I gambled their future away, fooled into believing a billionaire shared his private secret to wealth. Anyway, to each their own. I sincerely hope bitcoin rises so you can all tell me I was too cautious in a few years. Godspeed to you all.

If Disneyland is the “happiest” place on Earth, where do you think is the “saddest” place on earth?