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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.

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Discussion

SwapMarket 2mo ago

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

DarthCoin ₿⚡️ 2mo ago 💬 1

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

SwapMarket 2mo ago

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...

ede3d957... 2mo ago

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

DarthCoin ₿⚡️ 2mo ago

R0terdam 2mo ago

Is this service of bullbitcoin kyced?

Huxley 2mo ago

Would you consider running your own LNBits bitcoin ATM in a local cafe, Darth?

DarthCoin ₿⚡️ 2mo ago

Did you read all my guides about LNBits?

https://darth-coin.github.io/merchants/merchants-en.html

Huxley 2mo ago

Yes! I love the guides and I am working on getting a LNBits bank working at my school. I also want to run a cash only ATM in the staff room so I can pay my fiat bills.

calle 2mo ago

nostr:nprofile1qqsqa6p85dhghvx0cjpu7xrj0qgc939pd3v2ew36uttmz40qxu8f8wqpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtc3darmn can you help?

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.

ede3d957... 2mo ago

If your selling for fiat instead pushing for adoption you are the problem.

Somewhere I read that you claim living on Bitcoin. Proxy buying is nice to survive in an oppressive regime but it doesn't do anything for real adoption.

So instead of using BULLBITCOIN asking this stupid question, you better drive adoption in your city and country.

So much waste of time by Bitcoiners.

DarthCoin ₿⚡️ 2mo ago

Did you really know how I live my own Bitcoin standard?

I pay all my groceries in sats directly to a local shop.

I pay rent for my home in sats, directly to the owner.

This time I had to pay a stupid repair bill in fiat. So my friend that is usually taking my sats and pay my bills didn't have enough fiat.

So I have to use Bull for that.

I am the living example of living on bitcoin standard. I don't even have a bank account from 2008! I closed them all.

So please don't lecture me how is to live on Bitcoin...

ede3d957... 2mo ago

I am really curious, as I am following the same path.

There are only very few people that are walking the talk. That's why I was shocked to see you asking this question.