berean jones on Nostr: How exactly does he use Bitcoin for this goal? Assuming he has a stack, does he sell ...
How exactly does he use Bitcoin for this goal?
Assuming he has a stack, does he sell this down to pay expenses for the number of years they're homeschooling? If so, how big does that stack need to be, and can they live with the regret of having a much smaller stack in say 10 years time?
Now if he can live on a bitcoin standard already, earning in bitcoin and spending in bitcoin, without tax implications, then perhaps that's a different story. But guys trying to make it with a bitcoin business are still in a precarious position, and probably still working night and day as if working two fiat jobs. At least that's impression they all give me if I email them for support.
Using bitcoin to generate more bitcoin, or more fiat to convert to bitcoin, well that's an investment... maybe buying a business or share of one, or some real estate on which yield can be earned... that gives income now, but then he misses the boat when trying to buy back into the corn. And most lend or borrow against your corn schemes are untested or scammy.
So it's a dilemma that I wrestle with often... while I work two jobs so my wife can homeschool our kids another eight years or so.
Assuming he has a stack, does he sell this down to pay expenses for the number of years they're homeschooling? If so, how big does that stack need to be, and can they live with the regret of having a much smaller stack in say 10 years time?
Now if he can live on a bitcoin standard already, earning in bitcoin and spending in bitcoin, without tax implications, then perhaps that's a different story. But guys trying to make it with a bitcoin business are still in a precarious position, and probably still working night and day as if working two fiat jobs. At least that's impression they all give me if I email them for support.
Using bitcoin to generate more bitcoin, or more fiat to convert to bitcoin, well that's an investment... maybe buying a business or share of one, or some real estate on which yield can be earned... that gives income now, but then he misses the boat when trying to buy back into the corn. And most lend or borrow against your corn schemes are untested or scammy.
So it's a dilemma that I wrestle with often... while I work two jobs so my wife can homeschool our kids another eight years or so.