/// Self-Sovereign Cryptocurrency Portfolio: Q1 2022
The entirety of this portfolio was procured without KYC (identification) and no direct or indirect connection to traditional financial on-ramping.
Along with preserving capital, amassing untaxable gains and asset appreciation, this is intended to function like a numbered Swiss bank account with higher levels of privacy, control and security.
30﹪ of Portfolio
A standard cryptocurrency portfolio should be at least 50﹪ Bitcoin but because of its pseudonymous nature, it’s difficult to acquire large (“clean”) sums of it without KYC or direct bank on-ramping. Regardless, it is perhaps the world’s greatest store of wealth, so a heavy exposure is ideal. BTC for this portfolio is for wealth preservation, appreciation and liquidity.
Payments from consulting is one way Bitcoin is acquired for this portfolio, although it takes some deliberate measures to keep anonymous. Primarily (not exclusively) using the Lightning network, these funds are useful for making actual purchases on goods and services like a credit card.
60﹪ of Portfolio
This cryptocurrency is essentially digital cash, in the sense that each unit is fungible, unlike any other crypto asset. Like using physical cash, it’s completely untraceable to both the sender and receiver. Whereas every single Bitcoin can be fully traced to who and where, including transaction amounts. It’s also more decentralized than BTC making it even more censorship resistant. XMR for this portfolio is for anonymous transactions and wealth concealment.
Payments from consulting is also acquired for this portfolio, however it’s directly transferred to wallets with little to no special measures to maintain anonymity. Some profits from other crypto trades (sales) are carefully “deposited” (absorbed) into Monero via swaps and atomic swaps.
PAX GOLD [PAXG]
10﹪ of Portfolio
Although Bitcoin is considered “digital gold”, PAXG is literally digital gold, in that it represents physical gold 1:1, 1 PAXG = 1 gold ounce. PAXOS, the company that issues this crypto is centralized, unlike the “companyless” BTC and XMR. However the asset is as safe as can be. The difference between this and BTC in terms of gold is that PAXG is more stable but with far less potential of appreciation. With also the risk of bad business whereas BTC and XMR does not carry such risks. However, it’s a great hedge against Bitcoin and an alternative to holding physical gold.
The only negative is that this is a token, running on the Ethereum blockchain whereas Bitcoin and Monero run on their own POW blockchains of which are decentralized and have far superior security and censorship resistance. However, PAXG is almost as liquid as Bitcoin, being able to trade / swap for other cryptos or FIAT within seconds.