This is good... everything is changing so fast.. and the layman is already behind in understanding of BTC & all of the crypto space. #learntocode lol😂😂😂
The irony of everyone watching Trump instead of anyone else is you all know he’ll hardly talk about BTC. Cmon, the guys flows back to talking about himself every speech he has.
I never understood when people say it’s “free money” when you put up your bitcoin (or equity) as collateral for a loan. This isn’t new. People have been getting loans on houses and other assets for an eternity. And it’s not free… you’re paying interest which compounds against you. How’s it free money?
If your asset is increasing at a higher rate it is. Say Btc is $1M. You borrow 100k against it 0.1btc collateral. Btc doubles. You take an additional loan which pays the previous plus interest but now with 0.05btc collateral . you get your 0.1Btc back. On repeat with less Btc all the time. Then you die and your Btc gets handed to your kid's. Debt gets paid off with either collateral or their inheritance Btc and they also don't have to pay capital gains as that got reset when you died and they inherited it. The only cost is the interest which is wiped out from the Btc price increase. Obviously only do this with a small percentage of your bitcoin to prevent risk of having to add extra collateral if the Btc price tanks.
MINISCRIPT SUMMER SHOUTOUT ROB
my favorite episode 🎉
When is the conference and can I watch it online?
This is good... everything is changing so fast.. and the layman is already behind in understanding of BTC & all of the crypto space. #learntocode lol😂😂😂
Interesting times!
Not the last episode? 😢
The latest 😎
The irony of everyone watching Trump instead of anyone else is you all know he’ll hardly talk about BTC. Cmon, the guys flows back to talking about himself every speech he has.
You nailed it👍
I never understood when people say it’s “free money” when you put up your bitcoin (or equity) as collateral for a loan. This isn’t new. People have been getting loans on houses and other assets for an eternity. And it’s not free… you’re paying interest which compounds against you. How’s it free money?
If your asset is increasing at a higher rate it is. Say Btc is $1M. You borrow 100k against it 0.1btc collateral. Btc doubles. You take an additional loan which pays the previous plus interest but now with 0.05btc collateral . you get your 0.1Btc back. On repeat with less Btc all the time. Then you die and your Btc gets handed to your kid's. Debt gets paid off with either collateral or their inheritance Btc and they also don't have to pay capital gains as that got reset when you died and they inherited it. The only cost is the interest which is wiped out from the Btc price increase. Obviously only do this with a small percentage of your bitcoin to prevent risk of having to add extra collateral if the Btc price tanks.
The BTC goes up in fiat terms faster than the interest payments
Why are you ending the podcast bro?
Did he say he was?
unfortunately, I believe so. August
"Do you know what an xpub is?" 😂😂😂
Should we think about this mechanically? Yes, let's think about this mechanically but let's not get too deep in the mechanics lol
What is the point of his product? Why not just buy IBIT then put it in a trust
Where beard?
This is not hard. You borrow bitcoin. Someone gives you bitcoin and you promise to pay bitcoin back plus a bit more bitcoin as interest.
What's the fee structure?
What do they do if Uncle Sam comes knocking?
can't make maths illegal
Just way over my head
This fails the ‘normie’ test. Put another way, this will require one hell of a succession plan standard operating procedure when you’re gone.
Is this the true jews news crew? Why don’t you have norm Finkelstein on?