If anyone ever advises you to deposit your #Bitcoin for a purportedly risk-free yield—be it 5%, 3%, or even as low as 1%—you can confidently assume one of the following:
1) They are scammers and they will try to steal your bitcoins.
2) There is no two.
Unlike fiat currencies, no one can print or create new bitcoins—not Saylor, not any bank, not even Satoshi were he to return. You cannot provide a risk-free yield on an asset that has an absolutely fixed supply.
where do people think the yield comes from? its always a ponzi ffs
Even mining bitcoin often leaves you with less than just spot buying
Saylor is a student of Austrian economics. I believe he knows this. I genuinely think Saylor wants a controlled implosion, not an uncontrolled explosion of the existing credit system. He is giving the impression that the existing system can be a part of this.
Larry Leppard has said that Saylor has asked him numerous times to stop talking about hyperinflation of the USD.
You have to take a man by his word…you’re saying he’s either evil or a liar? I don’t think either are acceptable.
1% per year is a scam? xapo offers it
Very true! You can off course make a fiat yield on your #Bitcoin. And then buy more BTC with that.
