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As btc rips, it makes me regret all the times I spent btc, but it gets to the underlying issue ofdeflationary economics that I havent really been exposed to, growing up in a fiat world, so I guess my big takeaway is not to be so quick to spend, even tho I really only spent to get out of debt, so maybe avoid debt and stacks SATs is the way forward, yes I think I like a money that isn't broken, a money that doesn't need to be spent as fast as possible, a money that can help avoid shitty bank loans, I guess btc is for me #bitcoin

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Discussion

BTC_P2P 1y ago

I love spending Bitcoin but have always been a spend and replace guy so it costs 1-2% depending on where you buy Bitcoin. More recently I found nostr:npub18tcc00lqpysdsurg567dllzg7jeyr5wcyk2v6w23rx3s3ygyze2qv32nxx and have realized I can earn Sats back on money I am already going to spend by just buying gift cards and then buying the stuff I need with them.

Last year I started buying dips and then buying gift cards with LN withdrawals from nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en as needed. The cost to acquire sats there is 1.2% so if you earn more in rewards than that then you’re coming out ahead. I basically turned River into a spend only checking account with LN capabilities. I have been consistently buying gift cards to places like Cabella’s, REI, Visa and hotels.com and earned a nice chunk of Sats back (140k so far at a 6% Sat back ratio).

Buying the dips has me way up on purchasing power now too. It’s sort of trading but whatever it worked in my favor this time. And if I would’ve lost purchasing power so be it. I know it could’ve gone the other way.

Dani 1y ago

That is what we have been doing since May 2022 nostr:npub18tcc00lqpysdsurg567dllzg7jeyr5wcyk2v6w23rx3s3ygyze2qv32nxx It has totally changed our finances, and it has given us more purchasing power and a good learning experience of having low preference.