∞/21M.
Bitcoin author. Educator. Armchair philosopher. Bitcoin rockstar. The man behind "Everything Divided by 21 Million."
"Bitcoin allows you to be your own bank. Firefish provides that bank with actual services — borrow fiat against your stack, or lend fiat and earn yield — all secured by on-chain multisig. No custodian," says @knutsvanholm.
Now we're working together to help you short fiat while never selling your $BTC.
"A lot of the players don't know they have this option. They made a mistake. Bitcoin will appreciate."
The biggest miners in the world are selling Bitcoin at the worst possible time. And they didn't have to. Hash price has been at all-time lows for twelve straight months. Every month, a new floor. The biggest publicly traded miners are responding the only way they know how. They're unloading thousands of BTC into the worst price action of the cycle.
@KristianCsep, CMO of @Braiins, said it plainly on the Firefish podcast recently:
"Bitcoin will appreciate. They could have done a Bitcoin-backed loan and kept the balance sheet."
Four years ago, Bitcoin-backed lending barely existed as a category. The infrastructure wasn't there. The counterparties weren't trustworthy. A lot of miners who experimented with the early platforms got burned.
So the muscle memory is simple. When you need fiat, sell BTC.
But the tool exists now. Non-custodial. Peer-to-peer. Multisig escrow. The collateral doesn't move. It just sits there until you repay.
Braiins used it to fund their new 6 MW Houston facility. Kristian personally used it to buy his wife's engagement ring. Same product, different scales. Stack untouched in both cases.
Meanwhile, public miners are unloading thousands of $BTC at the lows because they got squeezed and didn't have another move.
The mistake of this cycle isn't operational. It's financial.
We're still early. Most miners don't know the option exists. The Bitcoin will appreciate.
That was Kristian's point. And the miners who sold won't get those sats back.
Never sell your Bitcoin. Live off it.
💍 @KristianCsep needed cash for an engagement ring.
He didn't sell his Bitcoin. He took a loan against it.
The biggest miners in the world made the opposite call this year. Thousands of $BTC sold at the lows.
They had the same option. They just didn't know.
Full chat in the comments.
@Braiins@FFChairman
@KarlosCz3@RuzovejSlon@Bitperia@firefish_io USDC sadzby sú na platforme vyššie z dôvodu dopytu a likvidity.
Swap z CZK do USDC prináša FX riziko, takže určite treba zvážiť.
Ak máš ale natívnu pozíciu v USDC, tak sú BTC loans veľmi atraktívnou alternatívou k defi alebo cefi yield produktom.
Every year, the whole BTC world shows up in our backyard.
More Bitcoiners under one roof than you'll meet the rest of the year combined.
We'll be at @BTCPrague.
Get your tickets: https://t.co/ak6USrCoSX
See you in Prague 🇨🇿
@Matyas44Cook@kucharmartin_
Kam se hrabe DeFi, to se nedá srovnat.
zatímco tam se pořád mění strategie kvůli pár %, na @firefish_io za USDC dostanete na rok dva stabilních 11 %.
O tom, jak se FF daří, kolik poskytli úvěrů a co je čeká, si poslechněte díl s Igorem Neumannem.
Linky v komentu 👇
Půjčit si české koruny od 4.5% úrok? Na Firefish standard.
Data hovoří jasně, úroky na platformě dlouhodobě klesají, a to poměrně razantně. Zájem ze strany investorů je velký, a to je dobrá zpráva pro bitcoinery.
Jak to využít jako bitcoiner? 👇🧵
Půjčit si české koruny od 4.5% úrok? Na Firefish standard.
Data hovoří jasně, úroky na platformě dlouhodobě klesají, a to poměrně razantně. Zájem ze strany investorů je velký, a to je dobrá zpráva pro bitcoinery.
Jak to využít jako bitcoiner? 👇🧵
It's a privilege to speak at the best Bitcoin conference in the world - BTC Prague. Join me and over 250 other speakers this June 11–13 at the Bitcoin capital of the world.
Get your tickets at https://t.co/8pSWXMlbvQ