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avatar of @patrickulrich
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@patrickulrich
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2 min read

I like to think I fit in the camp of Bitcoin maxis, though using another blockchain probably disqualifies me for many in that camp, so I hope I can give some insight to the question of what most are doing.

I think the large majority are just saving Bitcoin in preparation for the eventual world reserve asset change to Bitcoin. I think most just want protection from anyone inflating their portion of the monetary supply away from them. We aren't looking for yield so much as we want to be protected from anyone having the ability to change that basic token function. That doesn't mean it hasn't been a positive economic choice for any tenured maxi. Bitcoin, with enough time given, has been the best performing economic asset out there.

If you are asking more about what they're doing to earn a yield there's many answers to give. If you don't mind to trust funds with custodians then there's a number of companies that will give you yield for letting them hold your Bitcoin. I wouldn't recommend those to anyone but they exist for those that want to play musical chairs. If you're less risk tolerant you might try earning yield providing services for Bitcoin like providing liquidity for JoinMarket or getting paid to create lightning channels to those wanting extra inbound capacity. Using these services you keep control of your funds but you're at a higher risk of technical issue over just holding your Bitcoin in cold storage since these require funds in a hot wallet.

At the end of the day it's just nice for me to know that the value I have in Bitcoin is untouchable by anyone else in the world. I don't have to do anything to keep my share of the pie other than not spend it.

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