Re: 'Bitcoin is Inflation-hedge' - 'Haha, we just Tax you, that's the same'
⭐ Merited by pooya87 (2)
Buying bitcoin is not the only way of acquiring it. Bitcoin is money and money is earned!
For example a considerable portion of the coins I have today are earned; as in payments for various stuff I've done over the years... I have even sold stuff for bitcoin.
There are many ways to Earn bitcoins, but it is like work to earn bitcoin, and it's very different than Play to Earn and Others to Earn tokens that are useless.For example a considerable portion of the coins I have today are earned; as in payments for various stuff I've done over the years... I have even sold stuff for bitcoin.
How to earn and make money with Bitcoin?
Some people can think of earning bitcoin by staking it but they did not know of some big risks:
Bitcoin is Proof of Work, not Proof of Stake.
So if they want to stake bitcoin, they can not do it directly with bitcoin on Bitcoin blockchain, and will have to convert real bitcoin to Wrapped Bitcoin tokens. They are tokens, kind of altcoins on some altcoin blockchains, not real bitcoin.
It's first risk, risk of token depeg to Bitcoin price.
Another risk is staking pools are scam, exchanges with these pools are scam. They will lose money by staking on scam platforms and pools.
If they have bitcoins, my advice is only holding their bitcoins.