Bitcoin functions as a genuine cheat code for retiring without ever selling, according to **** yst and entrepreneur Mark Moss, who laid out that thesis in a recent Coin Stories podcast interview.
His central thesis runs counter to conventional wisdom. The goal should never be to sell Bitcoin to fund a lifestyle, but to stay in the owner column rather than the consumer column.
Under the debt-based monetary system in place since 1971, money enters circulation through credit, and credit requires collateral. Owning even $1 of Bitcoin makes someone an owner who can borrow against it.
Selling, by contrast, triggers tax events, eliminates that collateral, and converts a long-term **** et into short-term spending. He also challenges traditional retirement thinking.
The goal should not be freedom from work, he argues, but freedom to work on whatever someone actually chooses.
#column #collateral
His central thesis runs counter to conventional wisdom. The goal should never be to sell Bitcoin to fund a lifestyle, but to stay in the owner column rather than the consumer column.
Under the debt-based monetary system in place since 1971, money enters circulation through credit, and credit requires collateral. Owning even $1 of Bitcoin makes someone an owner who can borrow against it.
Selling, by contrast, triggers tax events, eliminates that collateral, and converts a long-term **** et into short-term spending. He also challenges traditional retirement thinking.
The goal should not be freedom from work, he argues, but freedom to work on whatever someone actually chooses.
#column #collateral
2 months ago
