#GM Beautiful plebs 🌞🫂
Question: how do the most hardcore BTC maxi's living on a bitcoin standard get around easily receiving fiat or monthly paychecks and paying bills without a Bank account?
#asknostr
Discussion
difficult. Over the last decade I've only paid my rent in Bitcoin once and that only lasted until the landlord changed his mind again. The better solution is several (online) bank accounts preferably in several countries.
What do you think about the incoming Strike service which allows for bill payments from btc? I wonder if it will allow a similar service in reverse 🤔 do you think it's a game changer or just the natural progression for them towards a kyc bitcoin bank? If the latter, do you think this is a positive or negative trend. I know in the early days Adam Back said that bitcoin banks will be somewhat inevitable, if my memory serves me right.
I'm undecided about this, in principle I am totally against KYC and I wish for the ideal world. But the realist in me thinks there is some inevitability to this KYC'd custodial model when you look out at the world... 🤷🏻♂️
I have been buying bitrefill e-gift cards, and they don't ask for address phone #, etc. I use them to pay bills, not just for purchases online.
Interesting, how do you pay bills with gift cards?
Recently met a guy who lives out of his hardware wallet. Involves USDC and a shitcoin but he sends the USDC to moneygram through some app and picks up the local currency cash anywhere in the world that he is. He's a BTC advocate but makes this exception in order to rid himself of banks.
Moneygram requires id so there's also that downside.
Talking about Africa/Asia so maybe different to USA/Europe.
I know Fold has direct deposit. It is technically still a bank account. People can earn sats back 1.5-5% on purchases and bill pay.
Yes, I have heard of this but I dont think it solves the problems i'm interested in 🤔
I was waiting for years for the perfect loop where I could get customers to pay me in bitcoin and then I use the btc to fund operations and once profited, also use it to pay bills etc but those days are not here yet for everyone so I utilize lightning pain and pay for things w/Bitrefill.