A question for nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqydhwumn8ghj7mn0wd68yttsw43zuum9d45hxmmv9ejx2asqyqlnlaadkwg4n3pvp2sk657qfqalh7k40hez4857jdj2xpn5r6ev7t32q08

I used Bull Bitcoin option to pay a (fiat) bill to an IBAN (Instant SEPA).

All worked super fast and smooth.

Usually I have a friend that pays my fiat bills, so I gave him my sats and he pay from his bank all my fiat bills. But now he went dry on fiat so couldn't do it for me. So I have to use Bull Bitcoin new feature.

My question is: how you guys operate these payments to fiat IBAN?

I am interested to know if my sats goes straight to "Saylor bags" or are kept in Bull Bitcoin bags until somebody else wanted to buy them?

Which scenario is used?

1. BullBitcoin take my sats and keep them in a reserve, not selling instantly on open market and they pay the fiat bill with BullBitcoin fiat reserves (or fiat from other users that want to buy BTC).

2. BullBitcoin take my sats and instantly selling them on open market

I would prefer to know that a new nocoiner is buying my sats from BullBitcoin and not going to "Saylor's bags" or other bullshit treasuries reserves.

Did you autograph your sats? I'd buy them 😁

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Discussion

If you pay my fiat bills I will be happy to give them to you and not to Saylor.

Uff. That would tie our meatspace identities. Bad idea. Is Bull Bitcoin non-KYC? Spread is hideous for a regulated entity. But even if they let you trade anonymously for now, they still keep the records and will one day ask for id, especially in Europe . Crypto to fiat tax free is tough problem to solve...

xmrbazaar.com has people who pay your bills, but you would need to use a shitcoin.