Mattymick on Nostr: Did what…Bitcoin lending? Blockfi/Celcius/others offered non-custodial lending ...
Did what…Bitcoin lending? Blockfi/Celcius/others offered non-custodial lending platforms, as well as yield for depositors and like fiat banks, rehypothecated deposits engaged in all sorts of scammy activites and got wrecked.
The original question was how to retire on BTC and my suggestion was about how to fund a business or other cashflow positive endeavors by using your BTC as collateral in a multisig custodial lending setup where you appropriately manage risk. This was an alternative to just selling sats and paying capital gains, assuming you didnt have a boating accident.
Collateralized lending will remain a thing like it has since money was created…BTC is the most pristine collateral and lenders are realizing this. Technology advancements will enable you to cold store your stack, verify it 24-7-365 with your own node, and still use it as collateral against an interest bearing loan to fund cashflow producing ventures.
The original question was how to retire on BTC and my suggestion was about how to fund a business or other cashflow positive endeavors by using your BTC as collateral in a multisig custodial lending setup where you appropriately manage risk. This was an alternative to just selling sats and paying capital gains, assuming you didnt have a boating accident.
Collateralized lending will remain a thing like it has since money was created…BTC is the most pristine collateral and lenders are realizing this. Technology advancements will enable you to cold store your stack, verify it 24-7-365 with your own node, and still use it as collateral against an interest bearing loan to fund cashflow producing ventures.