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₿k85d ago
When interest in bitcoin on cash balance? @c4eabae1…61cbc4e0 @c9bdb692…234e27a4 #asknostr
💬 11 replies

Replies (11)

Thekid.99985d ago
Where is the yield gonna come from from Other people's deposits. I think this is one of the biggest problems the fiat system has And money printing, but the yield. Man this is whyvthe world is fucked. The yield and the USARY
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₿k85d ago
Check @35b23cd0…db7517ea and for what it’s worth, this yield I’m talking about is based on the fiat federal fund rate. Another source of yield is liquidity providers on the side of Bitcoin-backed loan product strike offers.
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Thekid.99985d ago
Nahhh im good. I was just saying we dont need that as bitcoiners. No yield no stocks no funny business We need more rug pulls so bitcoiners can remember why bitcoin was made
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₿k85d ago
No funny business. Federal fund rate is about ~3%, which means my cash in fiat savings account (source of my daily dca) can earn up to that interest. And all I’m asking for is pay me that interest in bitcoin. I don’t need more fiat. Honestly, check @35b23cd0…db7517ea for just that.
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halima 85d ago
What do you think about when it comes to inflation? They didn't have that back in the day. Think of earned interest as a hedge against inflation which is a modern problem.
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Thekid.99985d ago
You missing the point. But its cool. You need that yield hahaha
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₿k85d ago
You missing the reality of the situation. They inflate at 10% but give you chance for 3% redemption and you’re like nah I’m good with my moral high ground.
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Thekid.99985d ago
This is exactly why the federal government will always exist. Because of people thinking like this.
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₿k85d ago
I think you’re not communicating but venting. Did you lose money previously because you chased the yield in Celsius or BlockFi? I know Bitcoin is halal. I’m not asking for yield on my Bitcoin. Not my keys, not my Bitcoin. I’ll say it one more time hoping you’ll get it: I’m trying to get more Bitcoin out of my DCA strategy. The extra cash that is pending Bitcoin conversion earns interest but that interest is converted and paid in Bitcoin.
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Thekid.99984d ago
No im not venting and i never list bitcoin to any of those companies or lost bitcoin in a scam Im too much of a bitcoin extremists
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Thekid.99984d ago
If i have 10k capital Tgats 5k bitcoin And the rest in stocks and whatever Well you could of already been at 10k bitcoin 🙄
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