I know your savings gets destroyed by inflation but you need liquidity for emergency savings, and to buy good investment opportunities at the dips.
Assets are worthless if you can’t stay liquid.
Liquid Net Worth is your real net worth, asset net worth is only a hypothetical.
That until Bitcoin is accept at your local grocery store. Till then we're forced to play along with this fiat charade.
btc - > xmr - > gift cards - > buy whatever - > ??? - > profit
There’s just a fine line to it all, you could live mostly on Bitcoin/Monero/Crypto.
But there would be blind spots where you unfortunately would need fiat just in case.
Monero -> cash is pretty liquid. As long as the system keeps cash afloat we are good to occasionally use cash.
You want to have access to farmers and merchants NOW, who directly take Monero. They exist after you're making them aware of it.
Currently closing the last gaps in my case.
Once my life (housing, food, mobility, health is 95% on Monero/Bitcoin) I will go bankless and pull the plug on all the parasites not prepared anymore for people without bank accounts and credit cards.
That will be fun.
BTC IS my liquidity for emergencies. if it gets any more emergent than that, I gotta go to the gun rack anyway so it's every plleb for themselves at that point
Yeah but converting BTC to Fiat takes about 3 Days if you’re doing it the ach way.
I’m sure there’s workarounds like Spritz finance, Bitpay, & Strike’s Bill pay but that only covers some fiat, other fiat mechanism might need a debit card, etc. that just doesn’t click into place well with Bitcoin.
Agreed. Understood. Bucket of silver dollars and a few k in fiat works for real shtf situations.
