When Bitcoiners build lending platforms, they don’t copy TradFi, they rethink it.
They design for censorship resistance, self-custody, and edge-case resilience.
That’s why platforms like Lendasat include tools such as the Doomsday Tool, built specifically for extreme, worst-case scenarios.
As Philipp explains, Lendasat’s Doomsday Software is designed for the moment the platform itself disappears, whether due to regulatory shutdown, a black swan event, or the team simply being gone.
If that happens, borrowers still have a path to recover their funds.
Using their seed phrase, contract backup data, and a uniquely generated NSEC, users can verify their setup end-to-end and communicate securely outside the platform with the lender.
No trust assumptions.
No platform dependency.
Just a clear recovery path when everything else breaks.
Because Bitcoin isn’t about convenience at all costs.
It’s about control when it matters most.
#Bitcoin #Nostr #CensorshipResistance #SelfSovereign #SelfCustody
