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I instantly convert 100% of my pay checks into #bitcoin. I don't have a single cent in cash/coin or in a bank account.

One key way of doing this successfully is using a credit card for day to day purchases if the business doesn't accept ₿itcoin directly.

The other thing is to pay all your bills on the first. By only switching into fiat once a month, you eliminate day to day volatility of ₿itcoin purchasing power.

If you're holding onto fiat, you're holding onto a melting ice cube and subjected to someone turning the heat on full blast.

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Discussion

6e70253f... 1y ago

Lots of privacy trade offs with the credit card, for such small gain in Bitcoin terms. I get it, you're hard core, but pragmatically it doesn't make sense.

6e70253f... 1y ago

Just take a small long position to cover the cash you need to keep on hand. That way your 'melting ice cube' is covered by the long, and you get the benefit of the privacy of cash.

Executive Order 6102 1y ago

I guess it depends on what your privacy concerns are. If it's on the vendor side, X1 allows you to make anonymous virtual credit cards you can load into Google/Apple pay.