Replying to Avatar Ernst Wittenschläger 🇨🇭

I won't consider moving any of my #bitcoin from cold storage to 🇨🇭 Kantonal Bank custody unless: 1. My #bitcoin is secured via cold-storage multisig with the keys being held by 1. the primary Kantonal Bank, 2. a secondary Kantonal Bank and 3. me. 2. The 🇨🇭 Bank needs to pay a yield (like any savings account). Why would I pay any bank a fee to custody my #btc when I can do ot myself for free?

Please change my mind.
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Pascal Hügli 1y ago

Well, multisig cold storage custody is coming.

Generating a yield is coming with risk, you might not want this! Possibly better: conservatively borrow against your BTC stack and let BTC do the magic over a long time period.

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Ernst Wittenschläger 🇨🇭 1y ago

That's works, depending on the cost of debt of #bitcoin. If #bitcoin becomes the "risk free" asset, then the yield on the debt should be very very low.