Curious about your thoughts on sending USD from strike to cashu, then to your lightning node, then swap into your cold wallet
Never send directly to cold wallets. Always use a "cache" wallet, in the middle, where are you managing funds in/out. It could be your LN node(s), decoy nodes/wallets etc.
I have explained this in several guides:
- https://darth-coin.github.io/beginner/be-your-own-bank-en.html
- https://darth-coin.github.io/wallets/lightning-cleaning-machine-en.html
- https://darth-coin.github.io/wallets/bitcoin-and-privacy-en.html
- https://darth-coin.github.io/nodes/public-private-node-liquidity-scenario-en.html
- https://darth-coin.github.io/beginner/getting-started-stack-sats-en.html
Discussion
1. I do not use fiat anymore. From 2018
2. If you are still use it, dump it. Only BTC
3. If you are still forced to use it, dump it.
4. If you still cannot get rid of it. Keep it simple. Once you go to BTC, stay in BTC and fuck the rest. So keep it simple. Buy BTC, use it as money and NEVER go back to fiat.
Strike bill pay?
US people are so fucking dependable of the fucking Strike...
Guys, please understand that Strike is just the "new paypal in town", replacing your lovely USD with tokens over LN.
FUCKING SHIT!
Use the damn Bitcoin directly, not through any fucking intermediary!
Why people (mostly US people) always forget about why the fuck we are in this bitcoinlandia?!
Please read it again and again, and again...
Maybe one reason is easy onramp with strike?
If you have USD how do you "use the bitcoin directly" without a trade first? Or do you just tell your nocoiner customers to go fuck off?
demand to be paid in BTC not fiat.
Why do you still accept fiat?
The companies I work with aren't going to pay me in BTC, and insurance companies aren't going to pay me in BTC. They will however not do business with me to find someone else though. Then I can't exchange into BTC.
Some of us run businesses Darth and interact with the legacy system.
I totally agree with you in theory
but the actual pragmatic fact is that people have to inteface with fiat.
the UX is terrible, especially if lots of people were to suddenly start listening to you and do more self-custody (and don't worry, they won't listen) because it gets even worse when the chain is maxed out
Why not just use bisq or robosats? I have guides on my blog expatriotic.me
And avoid Strike and it links your Bitcoin usage to your identity which seems unwise...
I don't want the government to know I own bitcoin... 90 something years ago April 5th an executive order went out demanding people surrender their gold.
Hard to say you don't have something when you've KYCed
I used strike to purchase on robosats, sent to a bolt12 address then to cold storage.
Looks like I need to pull back to lightning and flip again though
I tried signing up for strike... They asked for my personal information and I dipped. That's a hard no for something that handles Bitcoin...
I guess it's fine if you're using it for fiat only, if that's a thing...
Doing KYC for Bitcoin is just asking for trouble though
Some say to never double dip in the salsa. But, inevitably, someone does, and we may too. In the end, we all enjoy the salsa.
Yep. Boltz is the way
How you gunna say "avoid strike" and then say use robotsats like strike ain't a funding source for trades on there
Huh? I don't understand...
P2P platforms have many options, you choose what you use.
I'm saying that you choose not to sign up for or use Strike ever in any capacity since they combine KYC and corn. A huge no no.
What options are there to use on robosats that aren't kyc on the fiat side of things?
Ahhh okay so you didn't understand.
Fiat is always KYCed unless it's cash in an envelope. Which actually you can do on Bisq.
I'm talking about KYCed BITCOIN...
Strike handles Bitcoin. And is KYCed.
This is different than ACH, Zelle, Paypal, Amazon Gift cards, cash in envelope etc etc.
I'm not sure how better to explain...
Maybe an analogy is needed...
So why are you saying don't use strike and then you just said all fiat is kyc. Like if I use strike USD to send people USD and they send me to my lightning node, how is that kyc'd? How is there another option that is better?
If you are only using Strike for fiat and never with Bitcoin then sure, I guess that's fine. And then receive the Bitcoin elsewhere.
You can understand why I would assume a Strike user would be using Strike to interact with Bitcoin though
I'll admit I've bought a lot on there through the years. I've been trying to obfuscate a lot of it. I use it now to pay invoices and use for donations though. I have a KYC and a non KYC stack that are separate and both are nothing to write home about
Glad we could clear that up. I was just trying to make sure sending USD from strike wasn't some how Inadvertently kyc-ing my stack
I primarily use Amazon gift cards but it takes longer to find a seller usually
I do need to try bisq still
It's amazing... I post orders to buy bitcoin at -1% market value and people take them