mike on Nostr: Hypothetical situation: I deposit Bitcoin to borrow fiat against. I can’t see my ...
Hypothetical situation:
I deposit Bitcoin to borrow fiat against. I can’t see my deposited Bitcoin because it is mixed and sent to the relevant institution loaning me the fiat.
I then use that fiat to buy more Bitcoin.
The lending institution sell me more Bitcoin.
The Bitcoin I buy from them, I self custody.
When I inspect the Bitcoin I’ve bought, it turns out to be my original Bitcoin deposited in the institution in the first place.
Published at
2025-06-04 21:30:02 UTCEvent JSON
{
"id": "38acd9736df1a33a9abda1646b301166c223230876befd48677673b68ef70c1f",
"pubkey": "e83b66a8ed2d37c07d1abea6e1b000a15549c69508fa4c5875556d52b0526c2b",
"created_at": 1749072602,
"kind": 1,
"tags": [],
"content": "Hypothetical situation:\n\nI deposit Bitcoin to borrow fiat against. I can’t see my deposited Bitcoin because it is mixed and sent to the relevant institution loaning me the fiat.\n\nI then use that fiat to buy more Bitcoin.\n\nThe lending institution sell me more Bitcoin.\n\nThe Bitcoin I buy from them, I self custody.\n\nWhen I inspect the Bitcoin I’ve bought, it turns out to be my original Bitcoin deposited in the institution in the first place.",
"sig": "c039ae5b76539e9a513214920f3fa0c2cae04ae520d6c81634087545de77632e4616b93613adbd53ab3aadd35e039717ddabc589a418f1e11f9a84eeb707fdd7"
}
