I closed my bank account yesterday. I am now 100% paying for my life in Bitcoin.
Nervous, excited, and relieved.
#bitcoinstandard
Discussion
Congrats!
Respect. 🍻
Wish I could...I still can't pay by mortgage via the coin otherwise I'd be there with you
congrats 🫡 respect and inspirational
🫡
🔥🔥🔥
Whats the setup? Lightning, onchain, hardware wallets etc?
Like to hear this too.
Wow. Coconuts. Conviction. I love it.
Well done! Few…but very cool
Wow! What an inspiration 🧡 Tell us all about how it went for you!! 🐐🐐🐐
Cómo harias cuando una tienda que necesitas no acepta btc?
Puedes pagar con tarjeta de crédito y luego pagas esa tarjeta con el servicio de Strike. Bill pay
If you can use Fold, you can use your card and fund it with BTC. https://use.foldapp.com/r/FANEWETX
That's quite brave. How do you pay for your groceries?
Credit or gift cards
Don't forget cash
Yes, forget it...it's masonic notes that enslaves us. Tells ya right on the fiat note.
Gift cards
Credit charges fees
Get sats as rewards when pay everything with CC's. Can also us Robinhood gold credit card (visa) to pay for everything for 3% rewards and convert to sats.
Creditcard without a bank account? How does that work?
gift cards I understand but how do you get credit without an account?
This is the way
really? you're trading worthless fiat for #Bitcoin, and then turning around and buying consumables? I'm genuinely curious how you're pulling this off, and why?
PERHAPS HE EARNS IN BITCOIN
YES!!
Congrats, thank you, and God's speed!
Legend 👑
MY HERO. I LOVE THIS GUY!
nostr:note1v9vke074xyl3h320ae9cz9ucfd4wxe9gkw2spentk5lefxpt9f9qf07yy6
That's the way 💪💪
You will pay more for bills now
You just made inflation worse
Also, apps can close your account at any time ,happened to be with cashapp
Are you using any debit card? I'm looking for a bitcoin only solution
Legend! What’s your setup?
Amazing!
You live in the future. 🫡
Big move! Bravo 🫡
What do you use for spending at vendors? I've been looking at moonpay and just curious of other options. Preferably with no kyc
Well done 🔥
So awesome! Eventually I want to do the same!
Living free, outside of the system. 🔥
Interesting!
Can you tell me more?
I have Bitcoin bank accounts like Revolut and Xapo, but I'm not sure how to live without bank details.
I get paid via Direct Deposit into Strike. Spend in Credit. Link the account and routing to pay the credit with Strike Bill Pay. Bitpay for gift cards where I can.
The Strike bill pay thing looks cool but also makes me nervous. I guess I could try it with a smaller bill. 🤔
living the dream
You have a credit card without a bank account?
The cc gets paid with strike bill pay, which acts as a bank providing the acct and routing in order to pay the cc off using btc held in strike.
Its not the ideal btc standard, it is kyc, there is counterparts risk. But it is near impossible to spend btc when Noone takes it for payment here. And I'm not waiting for the world to adopt it.
So we meet half way until I can and I use centralized services as a stepping stone.
I know someone in USA doing the same methods. You guys are lucky to have these tools. Congrats on taking the plunge!
The "Bill Pay" feature on Strike makes this very appealing and relatively easy to do.
Hopefully life is "half off" for you this year!
inspiring 🫡
What happens if strike closes your account?
It’s incredible having no fiat. Cheers.
Right on Sergio! Qapla' 👀
Based
King 🤴
Wow!
I would do this too but nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 denied me from using Bill Pay
But awesome brother 🤌🏾
Crushing it Sergio!
Inspiring Sr! Remember to share the asventure 🚀
LFG.
This is the way.
DAMN!
Do you know that using strike pay and custodial wallets isn't living in a bitcoin standard doesn't you? 👀
I dont hold any fiat. How much more bitcoin standard do you want?
I can't pull over any further....
😝
Neither you hold the "bitcoin" you have in Strike.
I understand what you say, but using Strike is the same of using a bank, and to live in a bitcoin standard is to live without the necessity of any financial institution to do your transactions, so paying things with Strike pay is the same as paying it with credit in a average bank.
At the advisory level, I honestly have none, as Bitcoin has been hijacked in such a way that the system have allowed to created mini Bitcoin-only banks, and people use the services thinking they are living in a Bitcoin standard, when in reality they are using the same kind of service that Bitcoin was created to combat.
When traditional banks buy Bitcoin ETFs and give people the option to denominate what they have in BTC at the bank and use credit cards directly linked to that BTC, are they really living in a Bitcoin standard?
Anyway, what a clown world Bitcoin has become...
It's because of things like this that I use Monero.
How do you live on a Monero standard? Short of using cakepay/bitrefill. How are you paying your mortgage/ rent?
I don't said i live on a Monero standard, we are not yet ready to live neither in a world of bitcoin standard or monero standard, for that we need to push to have more businesses accept the coins directly and have a proper circular economy.
My standard is cash for what i can't buy with monero and everything i can buy with monero i use it.
But yeah buying gift cards for some services is the only option, the thing that i clearly think is nonsense and i refuse to use is banking services that are wolves at a sheeps skin.
They are building the systems that will makes us trapped, and more vulnerable to state agents, system and censorship that all of us oppose.
You are seeing now coinbase for exemple applying a social credit to Bitcoin L1, sooner or later you will see fractional reserve banking with Bitcoin and ecash is the most probable tool they will use for sure for that.
They are testing it in Central banks (words from an interview of calle).
PS: Take time to read Bitcoin Hijacked of Roger Ver if you want to see the other side, don't just eat Bitcoin propaganda.
(The system is really good at selling ideas that go against the public interest like is shinny gold, and many of influencers even here are on some big names payroll)
You know you’re not the king who gets to make the rules of bitcoin living and declare others unworthy don’t you?
If the whitepaper says that bitcoin is for P2P transactions without the need of a financial institution to make it, living in a bitcoin standard is only buying products directly in bitcoin without the need of the third party to make my transactions. If you need it you are not in a bitcoin standard, but in the same old financial system that the only difference that has is that instead the number of what you see in the bank being $/€ is btc 👀
PS: I don't make the rules.
It’s almost like you never read the many posts of Satoshi, Hal, and the others of how it all plays out. Nowhere in the white paper is it discussed what the final definition of “I’m living on a Bitcoin standard”means. Someone wants to celebrate getting rid of their traditional bank account, hold bitcoin instead of dollars, and you want to pop in their note and poop on their celebration by letting them know they just might not be pure enough for you to celebrate with them. Have whatever reply guy response you want, I’m celebrating with them.
It clearly says that the coin is made to people not use financial institutions to make payments P2P.
Its because of reading the emails and posts of satoshi that i clearly know that bitcoin was hijacked.
Where is the block size increase to support scaling that satoshi propose?
Where is the privacy protocols implemented that satoshi talked?
Im not here to poop the celebration of one getting rid of FIAT, im here to remember what is the pourpose of the coin, and to at least try to open the eyes of good people that falled in propaganda from guys that are working for the system, and they are doing it very well as i see.
Go read again satoshi pappers, maybe you didn't understand what you read, or didnt read at all.
Big blocker, nuff said. Good luck with your fork.
It's not me the one that falled for propaganda..
I'm noy on any fork, i use something genuine..
Go read what actually satoshi have on his mind and then comeback without bullshit saylor or saifedean told you to repeat..
That's awesome. 👏👏
Nice, I’ve been testing Strike Billpay too. I will say, best not to pay bills on a Friday or on a Holiday weekend if you trying to take advantage of a run up in prices. I paid on Friday before MLK holiday weekend and my cc was paid but my sell transactions didn’t get recorded until that Tuesday. The way bitcoin moved that weekend was fairly volatile so I asked them what the deal was. Basically they said to allow 24 hours in normal circumstances, but it was a holiday, so my Friday sell took 4 days to sell.
🫂 congratulations mate im excited for you
A legend was born today
Congrats!
bien por ti!!! ☺️👌🏼
👊
Based Sergio 🫡
Disruptive like a customized drink bar. 🗽❤️🔥
Godspeed 🫡
Attention, attention, Giga-chad alert! Stand clear of massive wrecking balls and swinging dong!
Good luck brah 🤙
If you still have some fiat, open a river account and have them pay u 3.9% interest they pay it in btc 🐸 not technically a bank account, just a free sats machine 😏
Nice!
did you turn back and say “hfsp” on the way out?
Whoa
Please make an explainer of how to get to this level
Bold! Let us know how you get on with this!
Can’t wait to learn more about
legendary 🔥
Way to go! 👏🏻👏🏻 #bitcoin is definitely for Unbanking the banked
I don’t understand why I’d pay for my life using a harder currency. It seems to make sense to me that I should use USD anytime someone will take it. It’s worth nothing and loses value daily. Why convert it to Bitcoin just to pay out in USD? It only kind of makes sense if you’re selling goods and services for Bitcoin.
It doesn't make sense until you actually try it.
Those questions disappear when you don't have any more fiat to worry about
For me, the biggest problem with #Bitcoin as money was not its volatility, but the concept that money had to be “bad” (according to Gresham’s Law) in order to be easily spent in exchange for goods and services. However, after a long time, I realized that my perception was wrong. Using #Bitcoin exclusively as money means completely improving my economic environment, as it forces me to reflect on the quality and necessity of the goods and services I am willing to pay for. This is because the money (Bitcoin) I give in exchange has great value, both in the present and potentially in the future.
retard
The short and sweet is, more exposure to bitcoin makes sense to me in an up market. Time in bitcoin beats timing bitcoin.
If you dont use bitcoin as a currency and accept it as property you have failed. Property gets taxed and currency gets used as a medium of exchange. This whole experiment fails if we don't transact in bitcoin.
Couldn’t agree more. I use Bitcoin whenever I can, but if someone’s willing to use a trash currency like USD then I’m happy to pay them in it. Until there is a more circular economy with Bitcoin then it’s better seen, at least to me, as a store of value. But I love what you’re doing for principles sake.
Why do you have any USD at all? That's what doesn't make sense.
Welcome to the future. The banks won't miss you, but you won't miss them.
Gangsta.
Words 🤝 actions
🫡
Brilliant! Well done!
Good luck!
Is there any details or howto get this done?
Given all the comments, it is apparent that everyone would love to see your journey well documented.
God Speed!
Could you run us through a typical day/month/year of spending? How do you pay for groceries? How do you pay rent? How do you pay for flights? And so on... Genuinely curious. Need to use more Bitcoin in daily life, hoping for some inspiration. 🧠
Sergio all Bitcoiners would love to do the same. If you could share your process we would be very grateful.
Is this even possible in Europe ?
With Bull Bitcoin maybe. I still have to try it out.
Nice job! I still have my local bank account, but mainly for a few checks I have to write each month as well as a way to deposit checks to then move into bitcoin. Otherwise, I am mostly on a bitcoin standard now, and I love it! I've noticed a little less impulsive spending, because I say to myself, "Is it really worth losing some bitcoin for this new thing?". It also takes away some of the stress, and gives me a legitimate emergency fund through Strike.
🫡
This is the sign of a true to the max Maxi. Well done!
You can also look into nostr:nprofile1qqsza56ed667de7q6mu6uxspetg7gzadqtkeug3plserzcj2nz6vc7qpzdmhxue69uhhwmm59e6hg7r09ehkuef0l6dq7f. It also has Direct Deposit with slider ratio, but the BTC goes to your self custody wallet. To make payments, you send BTC to an address dedicated to each payee. There is no ACH option, which can be an issue for certain mortgage and loan payments.
Restecpa
The GOAT
Are you in the US? Would be cool to document it so you could show any pitfalls or gotchas that you run into to help people coming behind you.
nostr:npub1vgldyxx7syc30qm9v7padnnfpdfp4zwymsyl9ztzuklaf7j5jfyspk36wu has some articles on the process
Good job oughta ya!
You inspired me:
nostr:note1end835n7dhg3vy8wfvwr7kvsnu47yv4l8arzyw2khf0rlqpswsksyz3eck
How are you dealing with direct deposits? Just curious how you’re doing it
nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9
Been doing this exact thing since Strike Bill Pay launched. No regrets yet.
Can you do it through a web browser with strike? Or app only? Security is my main hang up. Needs MFA
I did the same thing, half a year has passed and I’m doing ok. Not that much trouble..
Fucking Legend
I am personally interested in the idea but I'm not sure the architecture is there for it yet. How do you pay for everyday necessities? What about expenses on the go?
You can use credit cards and bill pay with strike
Legend
Kudos to you 🫡😎
i made the change this year also!
well done Sergio!
that's brave. you don't need to do the fiat mine job do you?
⚡⚡⚡⚡⚡
Congrats, friend. Let us know how it goes. I'm working my way there. I feel like I first need a 6 month emergency fund runway (in bitcoin) before my wife will feel comfortable #gettingonzero fiat.
That's a good start, but assume it will last 3 months. I'm bullish, but I've been around long enough to prepare for the worst.
Thanks, Marc. Are you saying basically assume your Bitcoin emergency fund will last half as long as you think it will due to the possibility of bearish price action?
I wouldn't say "assume," but I am prepared for a 50% drawdown at all times. It's not that I'm bearish, I've just seen it "crash" too many times to not prepare for this.
If it doesn't...Awesome! If it does, It will go back up, but I still have bills to pay.
Dude: and 48k sats for your efforts! Oorah. Love you #bitcoin
Wow! Kuddos to you! Are you on US territory where you can use strike and the such?
Don’t feel we got the needed infrastructure to live on a #bitcoin standard in the EU/ Spain
This is fantastic. But where do you live?
Hey gang. I see a lot of you asking questions about how our good Doctor Sergio is making this work. I thought I would offer these 3 links that explain it in detail and will help you get started.
Funny thing is that I've been trying to work out how to do the same and that question brought me to these videos aswell
Hey gang. I see a lot of you asking questions about how our good Doctor Sergio is making this work. I thought I would offer these 3 links that explain it in detail and will help you get started.
I've been getting direct deposits through cash app 100% in BTC and selling whenever I pay bills, I've gotta get on the strike train. And shout-out to Bitcoin we'll, they can send your dd to sparrow wallet.
💪🏽🤙🏽based