#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?
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.
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
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?
All the options have costs and benefits, the aim was just to list some for consideration. Re4: an example is “meanwhile”.
I would…take a small loan on the bitcoin so there is no tax applied to use the value of the bitcoin.
Run a node (like most of us on nostr today.)
Buy asic miners and solar to mine bitcoin kyc free.
Run a miner with Ocean pool. Create blocks with Datum on a Start 9 system. This means no Kyc to buy bitcoin, no fees to buy bitcoin, no tracking, virgin coins…. and I buy whatever I want with bitcoin and lightning that I earn. Either directly or trade on Robosats to fiat.
You never have to tell daddy government what you buy, what you hold, what you sell it is your choice. My node, my choice. Your node, your choice.
Choosewisely
#mynodemychoice
#yournodeyourchoice
#bitcoin
#bitcoinlightning
#noderunners
#bitcoinmining
#bitcoinknots
#iamtheregulator
#youaretheregulator
#choosewisely
