Why Nostr? What is Njump?
2024-04-04 07:21:14
in reply to

OrangeCrush on Nostr: I teach my daughters not to spend the bitcoin. In time it will be their base property ...

I teach my daughters not to spend the bitcoin. In time it will be their base property providing backing for loans in rapidly debasing fiat. They will only need to outperform the interest on the rapidly debasing fiat to maintain a stable position on loans and create spending fiat for expenses. You can do this already with wBTC on ETH on DeFi protocols, but I cannot accept the counterparty risk of Vitalik, the ETH foundation, a centralized protocol, and slapped together smart contracts. In time, self-custodial lending may be possible on bitcoin or perhaps on with web-of-trust systems built right here on nostr. Either way. Stack some bitcoin aside and never sell. But also convert some portion of your earnings to bitcoin and spend it monthly to support the growth of the ecosystem. This is a based approach for people responsible for others.
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