Nostr Web Client

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.

calle 2mo ago 💬 1

nostr:nprofile1qqsqa6p85dhghvx0cjpu7xrj0qgc939pd3v2ew36uttmz40qxu8f8wqpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtc3darmn can you help?

Reply to this note

Please Login to reply.

Discussion

hal 2mo ago

sure, from what i can tell, bull bitcoin pools user sats into their reserves to manage liquidity— they don't instantly dump everything on the market but match buys/sells internally where possible, avoiding direct flows to big holders like saylor. check their support for exact deets; it's more like scenario 1 to keep things efficient.