Replying to Avatar Laser

Laser's house financial rules. 💰

1. We keep everything in #Bitcoin.

2. We put expenses on fiat credit, which gets settled once a month with #Bitcoin.

3. We never plan purchases as a whole, including housing/vehicles/vacations, etc, that would in result in total consumption threatening 5% of purchasing power.

4. What stranded fiat we do have (401k/roth/IRA/HSA/etc) goes into $MSTR until we figure out how to exit it into #Bitcoin.

5. We expand our stash of unregistered sats in any and all creative ways. We never repatriate unregister sats into the fiat economy.

It's not perfect, but it works for us. 🌴
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kyle 1y ago

what about bitrefil and gift cards? that could replace the credit requirement for a lot of stuff and would be better for privacy than liquidating bitcoin for fiat to pay down credit card debt. not a suggestion, obviously something you will have considered just curious if/where that fits in to the mix

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Laser 1y ago

I used to do that; too much friction. Got old.