Firefish

Bitcoin Paraguay meetup in Asunción 🇵🇾 Beginner workshops, first real transactions, and conversations about building circular economies on the ground. Proud to support @npub1l57mdhhlkuulspszd6qarjxennpytglns6kth2agmjvrwyx8aqdqgj645x Big thanks to our friend @npub1g8n0yzcl92kjjnk59s9uqdyrtd38z6gvt8fa5tsr2uhespsynezs6lemp2 for doing the work on the ground.

🇦🇺 Filo from Australia needed cash twice in 30 days. He didn't approach a bank. He didn't sell his Bitcoin. He opted for a 3rd way. He borrowed against his Bitcoin. Here's what happened: he submitted a loan request with his own terms on Firefish, including the interest rate, matched with a lender, and cash landed in his account within 24 hours. His Bitcoin stays in a non-custodial escrow the entire time. He still owns every satoshi. Then he did it again. No bureaucracy of banks. No selling. No credit checks. Just P2P lending backed by Bitcoin as collateral. The takeaway? You don't have to choose between conviction and liquidity anymore. Filo needed cash twice, got it twice, and his stack stayed intact. That's Bitcoin working as productive capital, not just sitting idle.

17 years ago today, the Genesis Block was mined. Bitcoin became the first asset you could truly own without permission. So why sell it?

The majority of Bitcoin holders have never borrowed against their Bitcoin. But they're curious. 🤔 We ran a poll on X last week asking: "Have you borrowed against your Bitcoin?" The curious group was the largest segment. More people are interested in using Bitcoin as collateral than those who actually have. We are still so early. Think about it: Bitcoin is a $1.8 trillion asset, but only 2-3% of it is collateralised. Meanwhile, over 60% of real estate is mortgaged. The gap between what exists and what's possible is enormous. Most Bitcoin holders are still: ✅ Hodling ✅ Watching ✅ Waiting for the infrastructure to mature The rails are being built right now. Last year, nearly 3,100 BTC had been collateralised on Firefish. The latent demand is massive. Here's what's inevitable: Bitcoin will move (is moving) from Phase 1 (store of value) to Phase 2 (productive collateral). Not because we want it to, but because idle capital always finds a way to become productive capital. Bitcoin credit won't arrive with a bang. It will arrive (is arriving) quietly. Then suddenly feel obvious. We are still so early.

A platform where Bitcoiners borrow cash and Investors earn yield by lending in USDC, EUR, CHF, CZK and other currencies. Available globally.

Firefish – Non-Custodial Bitcoin-Backed Lending Marketplace

Borrow fiat without selling Bitcoin. Lend cash and earn fixed returns, secured by Bitcoin. Firefish is the open, non-custodial market for peer-to-p...