I'm going to stop talking about stacking sats. Sats is just normal money for me, now. I save some of it and spend some of it.
I stack euro bills, to pay for things where they don't take normal money.
Discussion
To make bitcoin normal use, here we come!
I just spent a couple hours looking at Bitcoin card options and they don't really look more attractive than just spending fiat cash bills within a month or using the VISA card that gets auto-deducted in entirety at the end of the month.
I think this isn't going to be really interesting unless I can just pay straight from my nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v Lightning wallet, where I hold the keys, as that's where I want to accumulate my spending money.
i use a bitcoin node on a mini pc and only push it to my xapo card when i need to have fiat spending ability, so, it's my ... savings?
it's not big enough for me to think "ok now i need actual cold storage" but maybe if i get more work in the next 5 months it will be, then i'm getting titanium and a stamping kit and seedsigner
My current setup is
- my husband gets paid at the EoM,
- at the beginning of the next month, the bills, VISA card, and investments (including an irresponsible amount of Bitcoin 😜 ) get auto-deducted,
- I withdraw the cash for the month
- and swap some BTC to LN,
- and then we're basically broke until the Kindergeld that trickles in near the end and covers later auto-bills and (usually) keeps us out of the red.
The more things I could pay for with LN (there actually are starting to be some local places that take it, yay!), the more money would go into LN and the less I'd need to use the VISA for. I see lightning as a replacement for debit/credit cards, Google Pay, or PayPal, not as a replacement of fiat cash. (So long as inflation doesn't go over 10% per month, or something, at which point the swap-in/swap-out fees for bitcoin debit cards might be worth it.)
yes, lightning absolutely wipes the floor with the speed and throughput of those payment processors... i'm sure they are nervously watching and probably even spending some on sabotage
I guess that's why they want us to use CBDCs, so that they can pretend to be real money. LOL
the problem with their logic is their system is proprietary and centralised so it's not resilient like physical cash or lightning or bitcoin
the only thing that makes bitcoin and lightning less than perfect is the event of a massive internet failure, or at least where you want to use it... i am pretty sure that a LOT of money is going to already be going into R&D to EMP proof the internet...and i'm quite sure that wireless networks are gonna get the chop, they are completely worthless once there is a big enough geomagnetic storm, radios are the first thing to fail when the air is filled with electrons... shielded, grounded stuff and optic fibre can survive this, and that's basically what i expect in the next 5 years or so, such a massive event that literally everyone stops using wifi and mobile phones, because everything, i mean everything, even the ones in the warehouse, are toast
and yeah, a replacement for NFC that uses optics is also something i expect, because it can be fully faraday caged
failure of radio networks puts a big ding in bitcoin as a payment method in bricks and mortar retail, if the radios are out, but it doesn't affect online ordering if it's all shielded and optical
If I remember right Nexo has a kinda cool card in Europe with some similar competitors but the whole business model isn't allowed in the US
Yeah, but since I have to then swap from fiat to LN to store, and then from LN to fiat to spend, it's the same as my current setup, but with an extra step and I lose my keys.