16

This is possible, but not exactly in the way you're expecting! Consider what you really want here: is it just an increased number of dollars or BTC? Nope! What you want is an increase in your buying power. Stop to think about the difference here for a second - it is important! The goal is an increase in buying power, which means you want the ability to buy ...


10

You misunderstand the fiat banking system. You aren't really maintaining custody of the dollars in your bank account when you earn interest. You have actually lent your money to the Bank and the interest is a reward for the risk of losing your funds if the Bank becomes insolvent. This may happen if too many debtors default on their loans. When you log on to ...


8

Is there some way, or planned future feature of Bitcoin, to get "interest" on your coins simply by holding on to them? Its not a feature of "Bitcoin" but interest is a feature in lot of financial applications which are possible using Bitcoin technologies: HodlHodl is a No KYC, Non-custodial, Peer to Peer exchange which recently started ...


6

No, that is not possible. Even in the fiat world this isn't possible. Bank accounts only earn interest because banks pay out interest. This isn't a feature inherent to fiat. The analogy to Bitcoin would be like if you kept all of your money in cash in a safe - you aren't going to be making any money by doing that. Furthermore, people who are living off of ...


4

Lots of things called "decentralized" or "defi" are scams, and I vigorously encourage you to stay away from them. Some of them are real, or useful, and have varying degrees of decentralization. Still, nothing is ever going to give you interest if you don't give up custody of your coins. Interest is literally you being paid to take the ...


2

I consider the idea that any rich people are just living forever off passive wealth more a simplification of their weird little world than what actually happens. When you accumulate any large sum of money in one place, wealth advisors of various sorts then compete for the service of managing that wealth. The Certified Trust and Financial Advisor (CTFA) job ...


1

I want to do this. I need to do this. How exactly? Where? Who? Do they require KYC/AML BS? (Besides them knowing my bank account/name.) Although I am not sure which service was Tyler WinkleVoss referring to. You can borrow stablecoins, L-BTC etc. on HodlHodl with bitcoin as collateral locked in multisig. No KYC is involved in the process. Contract is ...


1

I frankly don't understand why any bank would give you money (rather than charge money from me, as my bank does) for simply keeping your money there, but since it's apparently a thing, I thought that I should at least ask if this is logically possible with Bitcoin. I am going to post as an answer something that is not an answer to your question. I feel bad ...


1

The only "interest" on bitcoins is if they increase in value. If your bitcoins increase in value relative to the world economy, you can sell some of your bitcoins for income and still have more money than you started the year with. It is similar to buying a mutual fund. If you bought an S&P fund, it would pay about 1.5% dividends. If you ...


1

If you buy 100 bitcoins for $10,000 ($100 per coin), indeed you will always have 100 coins, you will never end up with 101. But if the price increases to $15,000 for your 100 bitcoins, you could sell 33.333 of them for $5,000 fiat profit, and still you would have $10,000 worth of BTC just like you bought at the start - a profit of $5,000. You can increase ...


1

Bitfinex allows you to lend BTC, USD and others. Current rates for BTC are about 4% APR. Bitfinex


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