BTCMeansFreedom4All on Nostr: That's the hard part. Deciding the safest place to store value temporarily. There's ...
That's the hard part. Deciding the safest place to store value temporarily. There's nothing anywhere near as good as Bitcoin long term, especially from a morality standpoint.
Holding dollars fuels wars and censorship thanks to the 7% a year debasement.
Holding traditional company stocks exposes funds to high counterparty risks while also fueling the growth of monopolies.
Buying property isn't really viable as you'd be gambling on your ability to resell with precision. Plus environmental risks as were reminded of with the recent destruction of properties from the California fires.
Buying Gold raises the question of how and where will you store it without significant counterparty risk, or risk of theft.
Buying Tether and USDC means their issuers allegedly use the money to buy bonds and Bitcoin and other assets.
There is no second best. Which is why only a fool would BCA their entire stack and risk losing everything, or put the value they do exchange all into a single place. Ultimately, it comes down to the morality and trust in the counterparties chosen to temporarily hold the funds when they're not in Bitcoin self custody.
Perhaps I'll just hold dollars on Bitcoin only exchanges like River or Strike for ease of re-entry into Bitcoin when the time is right.
Though I'm looking for better ideas.
Holding dollars fuels wars and censorship thanks to the 7% a year debasement.
Holding traditional company stocks exposes funds to high counterparty risks while also fueling the growth of monopolies.
Buying property isn't really viable as you'd be gambling on your ability to resell with precision. Plus environmental risks as were reminded of with the recent destruction of properties from the California fires.
Buying Gold raises the question of how and where will you store it without significant counterparty risk, or risk of theft.
Buying Tether and USDC means their issuers allegedly use the money to buy bonds and Bitcoin and other assets.
There is no second best. Which is why only a fool would BCA their entire stack and risk losing everything, or put the value they do exchange all into a single place. Ultimately, it comes down to the morality and trust in the counterparties chosen to temporarily hold the funds when they're not in Bitcoin self custody.
Perhaps I'll just hold dollars on Bitcoin only exchanges like River or Strike for ease of re-entry into Bitcoin when the time is right.
Though I'm looking for better ideas.