The difference between living on dividends and living on BTC is:
Every time you want to eat, you have to sell the BTC in your hand, so the number of BTC in your hand will definitely decrease.
Stock dividends are the distribution of incremental surplus value according to the number of shares held. As long as the company you configure is evergreen, you can keep eating it without reducing the number of stocks in your hand.
This is a bit similar to PoS deposits and interest. However, most PoS systems are pure financial games that do not create value. They can only distribute the value of latecomers, which becomes a Ponzi scheme. The underlying assets of stocks are enterprises. Enterprises absorb human labor and can create incremental surplus value for distribution.
However, what is said above may still be just an appearance or an illusion.
Looking further into it, when holding capital in the form of BTC and holding it in other assets (such as a certain stock), different opportunity costs have been chosen.
Although holding BTC and eating BTC will lead to a continuous decrease in BTC, if BTC is replaced by other forms, it may not be able to make up for the opportunity cost of not holding BTC even if it distributes dividends for 10,000 years (that is, the principal plus dividends cannot outperform BTC).
Industrial capital squeezes surplus value from the labor of workers. Financial capital squeezes surplus value from industrial capital. As the highest form of financial capital, BTC may absorb the surplus value squeezed out by all financial capital in the world. If this theory is true, then any form of capital appreciation will not be able to outperform BTC in the long run.
