Replying to Avatar wymike

#asknostr

If someone retires on a #Bitcoin standard what are their options with regards to living off their stack other than just drawing it down?

If you own property you can collect rent, if you own stocks you can collect a dividend, if you only own Bitcoin you can do what ? Put it on a dodgy exchange promising you ‘yield’?

Assuming you wanted to do this in the not too distant future what are your options?
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Big Barry Bitcoin 8mo ago

I've heard people talking about MSTY, there's the loan option...

Look, nothing is free, everything has risk. Pick your poison and be prepared to draw down if you have to.

Think of it like cheating but with the risk that you might get caught, have to draw down plus interest. As long as the time expectations and interest rate is reasonable to you, you might come off better off.

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Oyl Miller 8mo ago

For over a year the dividend has been over $1. It’s been over $4 several times. Of course the music could stop at any time, same with any stock, but it’s been an impressive year.

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Big Barry Bitcoin 8mo ago

But to be clear, you either need a substantial amount of fiat, or you are drawing down to buy MSTY.