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what income system is built within the Bitcoin network, at least besides mining?

stacking, hodl and spend. We live in a timeframe where if in your early life you are consistent with stacking and hodling from your early life, when you will retire you will have all the resources you need to "only-spend".

Not too much places accept bitcoin today and the UX for spending need a lot of work, but things are improving.

Even without the improving, someone can swap monthly or yearly some of the funds retirements in fiat, and spend fiat to cover the expenses, but never "save in fiat".

what else do you need? Or, what the fiat income system offer that do you miss?

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Discussion

Chad Lupkes 1y ago

spending Bitcoin is a final option. if we build up a Fiat revenue stream, the goal is to never have to spend real money, and if we build that revenue stream large enough, we can keep buying.

ponymontana💜⚡ 1y ago

this sound fine, but a more ambitious goal would be build a bitcoin revenue stream so to avoid taxation and goverment abuse on spending. I think in some years would be reasonably possible for most people, we will see.

Chad Lupkes 1y ago

Thus back to my question, what revenue streams other than mining are built into Bitcoin itself that people can use to stack? I don't think there are any, which means we have to show "proof of work" either mining or trading time to earn it directly. And if we are mining, every transaction including mining a block is a taxable event. At least until someone declares that they are not.