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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Speedster 8mo ago

1. Borrow fiat against btc collateral

2. Sell some btc for fiat

3. Sell covered call options

4. Take loans against the cash value of a bitcoin denominated life insurance policy

5. Find merchants that accept btc

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wymike 8mo ago

1 - unless that fiat is used to invest in a revenue generating asset it’s just drawing down your stack as are

2 and 5.

3 - seems counterintuitive to Bitcoin. Over a long enough time frame you’re going to get burnt by missing out on a serious run up.

4 does such a thing even exist?

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Speedster 8mo ago

All the options have costs and benefits, the aim was just to list some for consideration. Re4: an example is “meanwhile”.