STRC Thought experiment: if you have a $100k slug of cash, want to earn some yield, and are generally bullish bitcoin, which option is better:
A) Buy STRC and earn $1k usd per month
B) buy $100k of BTC and sell $1000 worth every month into perpetuity to fund cash flow needs
@Thermobolic I agree and believe it is a relatively uncommon side effect. However I did find many people that experienced the same thing as me on Reddit
@heavilyarmedc There’s an unfathomable amount of oil underground. The only impediment is how expensive it will get to continue producing as it depletes. however technological improvements to drilling allow us to access oil that wasn’t thought possible in the past.
@AdvisorJohn However, his outsized purchases of BTC could be a slight negative from the standpoint of BTC wealth concentration, especially if the price appreciates substantially over time. The key is that concentration doesn’t let him bend any rules like it would in the legacy fiat system
@AdvisorJohn Contrast that to if he was doing the same thing with ETH, which is Proof of stake. He could then earn staking yield (interest paid in ETH) which would increase his % ownership over time (centralizing force). It would also allow him to have outsized influence on the network itself
@stackhodler Stack, how do you balance the ideas of delayed gratification/low time preference with living life to the fullest now? IMO the key is to appreciate what you have now while also expecting a bountiful future. But not requiring that future to be happy.