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TallBrian 1y ago

Ok, tell me if this stack makes sense:

nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en to buy. Maintain emergency 3-6 month cash balance and get 3.5% yield paid in Bitcoin (this offers downside protection for the rest of the strategy below in the event of a bear market in that you still have dollars but they are earning a yield in real money. )

nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 for direct deposit >monthly transfers to FOLD

nostr:npub1a27t5chyqgfygncyfqwzpvvkrms6shhal9756jkgnpyzjqpsz5jqama5yp for daily spending and bill pay to capture rewards.

Sweep accumulated savings into Unchained multi-sig and use their IRA product for retirement.

Only thing that’s missing is Bitcoin Collateralized mortgages.

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TallBrian 1y ago

Oh, and I forgot nostr:npub1q7xqc79rteknhs5s4rsqju2yu8tuguvptu373napkzptsz65yn2qz590jl who is now offering accumulated savings rolled into FOLD and I think that makes FOLDs premium membership free.

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Comte de Sats Germain 1y ago

Is that yield from River based on a btc balance or a fiat balance?

If btc, I would treat it with suspicion. Yield comes from making loans - its only a matter of time til any btc loaning business goes bust because btc is deflationary. And then your deposit becomes a donation...

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TallBrian 1y ago

I haven’t signed up with any of these services yet so DYOR but I heard on a Podcast the 3.5% yield is on dollar balances and paid in Bitcoin.

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Comte de Sats Germain 1y ago

In that case, easier to stomach. But apply that principle to all of them... Seems like every cycle has a few that go bust. Its the loaning business that does it

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The BTC DDS 1y ago

I’m trying to wrap my mind around what makes the most sense too. I’m debating just sticking with Strike over Fold because of the auto conversion and not having to push bitcoin to the card. Also the tiny reward percentage on Fold for ACH makes me question whether or not it’s worth all the time I’ve put into it

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TallBrian 1y ago

It’s exciting there are so many good products for Bitcoin-only this time around that aren’t promising yield. ⚠️ I would never keep the main stack in a custodial service but it seems reasonable to keep a Bitcoin spending account so I can reduce exposure to fiat debasement.

As the market matures we’ll be able to do a lot of this all on one platform. To the victor go the spoils.

The product that would make a meaningful difference in my life though is Bitcoin collateralized mortgages.

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The BTC DDS 1y ago

100%. I love having the option to have a true Bitcoin checking account now while still being able to short fiat by spending on credit cards. A super app that combined the best of river, strike, and fold would be really convenient. I love how they are all pushing each other to innovate right now

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pup 1y ago

As someone who has used both Fold and Strike for a number of years now, I'm only seeing one flaw with this stack.

With Fold, the percent you receive back in rewards is largely based on the amount of Bitcoin you buy there. So you'd be better served having your direct deposits go straight to fold to fully maximize your rewards.

Personally, I've opted to switch to Strike entirely for the automated conversion at the time a bill is due.

Onwards!

https://bitcoinbarks.com/Barks/strike-bill-pay-deep-dive/#wbb1