All Forum Posts by: Rob Kishi

https://www.youtube.com/watch?v=26bOawTzT5U

My parents have a lot of equity locked up in their primary residence not working for them. 

Any lenders licensed in Hawaii want to chat about a refinance?

Thanks

 Best of luck to you sir.

Central banks will surely create their own digital currencies (CBDCs), and in many ways, fiat currency is already primarily digital, but it doesn't change the underlying monetary policies that govern them. A digital dollar controlled and distributed by the central bank is still a dollar by nature and has all of the underlying issues and inefficiencies as paper money while introducing very serious privacy, censorship, and tracking concerns.

The future of money (as with most other things) is without a doubt going to be digital, but citizens will hopefully have a choice in which money (and what monetary policies) are best suited for them without the forceful coercion from a nation-state.    

Governments potentially outlawing or banning the use of bitcoin and crypto is a whole other story that is touched on briefly in earlier posts in this thread and heavily discussed in other online forums.

@Bob E. outside of needing to manage the product's LTV requirements to avoid liquidation (which also could be viewed as a stop-loss), what's the difference? Lower prices were always a known possibility no?

Borrowing involves responsibility no matter how one goes about it, and something is always being put at stake. Whether it's bitcoin, a house, credibility, or a credit score, it is the responsibility of the borrower to determine their comfortability with the risks and understand the trade-offs they are making.  

When you think of the future of finance, do you see it being more digital or less? more global or less? more inclusive or less? more efficient or less? more uptime or less? more immediate or less? more government controls or less? more transparency or less? do individuals seek harder money or less? do governments choose harder money or less? are future generations aligned with digital assets more or less? 

Nothing is fundamentally different about bitcoin's long-term investment thesis. The network is still running, transactions are still being verified, builders and still building, adoption is still happening, and fiat is still being debased at unprecedented levels; all of which is happening regardless of bitcoin's dollar value. Price is really more of a proxy for the emotional sentiment of market participants rather than an indication of utility (hence why markets can quickly become overbought or oversold based on news and speculation) and in reality, everything will forever go up in dollar terms because we are forever increasing the money supply (see the cost of goods in Venezuela, Zimbabwe, Turkey, etc.). Price is not always the best judge of value.

Traders concern themselves with what's happening in the next meter, while investors focus on the next mile. Zoom out to separate the signal from the noise.

Wealth is the collection of the desirable things you possess. It could be assets like real estate, money, and businesses, or virtuous characteristics like intelligence, integrity, authenticity, and love. 

Creating wealth is about pooling our hours, energy, and leverage in the most efficacious ways to get what we really want in life: freedom and happiness for ourselves and our loved ones. Financial well-being provides choice and security, while personal growth, gratitude, and building strong relationships provide fulfillment.

When it comes down to it, the most valuable thing in the world is time. The billionaire business mogul and the homeless man under the bridge both only have twenty-four hours in a day, sixty minutes in an hour, and sixty seconds in a minute. Live in the present and make every moment of it worthwhile!

Keep taking applicants

Equity/financing partners, seller financing, or live in the property to qualify for primary residence financing.

We all come around to bitcoin in our own time and in our own way, and we all pay the price we deserve. Don't stop learning Mike and best of luck to you. :)

P.S. I don't know if hemorrhoids are the best example to illustrate scarcity...

Can you touch air, culture, love, or trust? One could argue that many of the most valued things in life are non-material and "un-touchable" as you refer to them.

Using bitcoin to over-collateralize a loan is not fractional reserve banking. If you'd like to do more investigation look up the details on Milo's loan offering and compare it to what you learn about rehypothecation + fractional reserve banking. It shouldn't be difficult to see they are not the same.

No one can adjust the bitcoin supply. When ETPs (electronically traded products) or trusts are created for bitcoin, the fund acquires a certain amount from the circulating supply traded on the market and holds it with a third-party custodian. They then sell shares of their wrapper (ETP or trust) to public investors. They are not selling bitcoin. People who buy these are gaining exposure through a derivative, not the asset itself. 

I can't validate your gold comment, but I and anyone else in the world can quickly validate the bitcoin supply today, yesterday, tomorrow, and on any given day in both the past and future. This level of absolute scarcity and transparency are things that have never existed before, especially in the world of money.