I have to get back to work, so I'm not going to respond to a lot of this. We've been over it and are beating a dead horse at this point. I am going to clarify a couple things though:
- I was talking about passive investing, not passive income. Like buying a stock without dividends.
- I agree on your point that SP interest is not interest. All it does is protect you from a little bit of the network's dilution. And that dilution protection isn't very meaningful - it's only 15%.