877,800 Stone Ridge 2023 Shareholder Letter Author: Ross Stevens Format: Annual report (14 pgs) https://info.nydig.com/hubfs/2023-Stone-Ridge-Investor-Letter.pdf #nostr #wealth #bitcoin #library

877,799 Stone Ridge 2020 Shareholder Letter Author: Ross Stevens Format: Annual report (16 pgs) https://casebitcoin.com/docs/StoneRidge_2020_Shareholder_Letter.pdf #nostr #wealth #bitcoin #library

877,796 Topic: Bitcoin is Wealth Preservation Technology Author: @Leon Format: Research study, formal article (34 pgs) https://leonwankum.com/wp-content/uploads/2024/04/Why-Bitcoin-Is-The-Ultimate-Technology-To-Preserve-Wealth_Research-paper-by-Leon-A.-Wankum-2.pdf #nostr #wealth #bitcoin #library

812,460 Topic: Bitcoin collateralized loans Format: informal notes — Bitcoin is the reserve asset of the internet economy The internet economy is an aggregate economy of the entire world and is larger than any single nation economy Bitcoin is pristine digital collateral for lending Pristine meaning: Not spoiled, corrupted or polluted Collateral: something pledged as security for repayment of a loan, to be forfeited in the event of a default Collateral is something provided to a lender as a guarantee of repayment. It is used to secure a loan Collateral reduces risk for lenders because if a borrower defaults on the loan, the lender can seize and liquidate the collateral People who own Bitcoin will have access to the best interest rates Bitcoin is the apex collateral in a digital world (largely because to it’s unmatched liquidity) Bitcoin is replacing treasuries as the apex reserve collateral Why is a Bitcoin collateralized loan a useful product? It is a tool to help individuals or companies avoid ever selling their Bitcoin By borrowing against your Bitcoin instead of selling it, you: - Eliminate capital gains taxes (Bitcoin is considered property, therefore a taxable event is created everytime you sell or exchange it) - Continue to benefit from the price appreciation of bitcoin - Can write off the interest expense of the loan Areas to research: - Dynamically refinanced loans (monthly) - Counterparty risk of different bitcoin backed loan products - Rehypothecation considerations Loan-to-value ratio (LTV): The maximum amount of a secured loan based on the market value of the asset pledged as collateral A low LTV (conservative) provides protection from liquidation in case the underlying asset has a significant drawdown in price Bitcoin backed loan products to review: LEDN, SALT lending, Unchained capital, Coinbase Factors to consider: custody risk, rehypothecation, insurance, origination fees, interest rate, Loan to value (LTV), collateral to principal (CTP), prepayment penalties, tax implications, loan maturity options

"The computer can be used as a tool to liberate and protect people, rather than to control them" - Hal Finney [November 1992]

Hello nostr ✋🏽 Happy proof of keys day ‘25 Continuation of @Finney21 We hope you love the Li₿rary we’re building A database of high signal Bitcoin resources categorized by block height This is the library our team uses to build custom learning protocols for clients [877,665] #bitcoin #library #nostr