In Costa Rica, you can pay with sats at ANY store because they have a bank payment system tied to their phone numbers. I tried it out for the first time using nostr:nprofile1qqs254dy0xkkjdxsl4u08k7cs52u689q67s3pqfwwyfcp4va7avcjdgpzemhxue69uhhyetvv9ujuer9weehgu3wdaexwqgewaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmp0r70xsv app which has nostr:nprofile1qqsr70lh4keezkwy9s92zm2ncpyrh7l6647ly257n6fkfgcxws0t9ncpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyd8wumn8ghj7un9d3shjtnwdaehgun8wfshq6pwdejhgxy4nne Lightning integration. You can pretty much live on a ₿ standard here without a bank account or even a credit card !
Discussion
So did you pay lighting to bull, bull paid to merchant?
U load nostr:nprofile1qqs254dy0xkkjdxsl4u08k7cs52u689q67s3pqfwwyfcp4va7avcjdgpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzxthwden5te0wfjkccte9ehx7um5wfmxjeth9e3k7mgxrdeql Wallet with sats which has optional Bull acct that you sign up for. Bull pulls the sats from ₿ Jungle and pays the merchant fiat. No need to load Bull acct.
Could you explain in more detail how to pay using Bull Bitcoin wallet? I set up the wallet, entered my phone number, registered, then found their internal page (SINPE Móvil) in the wallet for Bitcoin. But when I went there, it said either you're a registered user or you're creating a new account. I registered inside, confirmed my email, but now it also says to confirm the phone and so on. Did you do all this or not? Because you mentioned that registration isn't always required. So how did you pay then?
I figured it out on my own. I still need to create an account on BULL Bitcoin. Also, I need to verify my email and phone number. After that, if you have satoshis in your Bitcoin Jungle wallet balance, you can transfer them by clicking the Sell Bitcoin button. I saw this in your video. So it's like you sold bitcoin to the seller's phone number. I just did the same, paid a minimum of 2000 local coins. Just for testing, I sent it as a gift to the woman in the video.
It sounds right what you did. I don’t think I mentioned that you don’t need to register. You do need to give an email and a phone number to set up the Bull acct but you don’t need to upload an id or do video selfie.
What isn’t working for you?
If u were able to successfully set up bull account then you just need to load up the nostr:nprofile1qqs254dy0xkkjdxsl4u08k7cs52u689q67s3pqfwwyfcp4va7avcjdgpzemhxue69uhhyetvv9ujuer9weehgu3wdaexwqgcwaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2aq7xpvnd wallet with sats and do the actual payment using the Sinpe movil as I showed in the video
Wild!
I've been using nostr:npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7lu wallet for 3 years now. I'm very happy with its usability and reliability.
However, i haven't seen major upgrades recently. Here's what I'd like to see added to the wallet:
- stablesats side wallet. This is Blink's approach in El Salvador and is very popular. It boosts onboarding because newbies can protect part of their savings from btc high volatility. Yes, it relies on btc derivative, but nobody knows that.
- NWC integration, of course. It's about time guys...
Keep up the good work.
Interesting... but you have to have a cellplan you pay for the phone number. Still an interesting transition to on-boarding.
The merchant has a phone number to pay to. I just used the nostr:nprofile1qqs254dy0xkkjdxsl4u08k7cs52u689q67s3pqfwwyfcp4va7avcjdgpz3mhxue69uhhqctfvshxumewwd68ytnrwgq3samnwvaz7tmvd9nksarwd9hxwun9d3shjtnrdakst2nmzm app with my data
But why would I spend my #sats ? Normies are NOT dumb 😭.. we get rid of our fiat asap .. and stack sats into our #savings account .. only for the hardest times !
A normie wouldn’t have sats in self custody.
A bitcoinner might be spending sats bc that’s all they have
The idea of creating a new planet called #bitcoin sounds centralisation impulse to me . ..:-) . and I thought a true bitcoiner always stands for diversity.. decentralisation ..isn't it ?
Why would anyone have only #bitcoin !
Decentralization 🚫🟰Diversification
Explain pl ! .. what is the difference between decentralisation and diversification ? .. I guess we are hitting the fundamentals 😊
U decentralize something to protect that something from becoming centralized which would reduce or eliminate that things value.
Ex. If u want the world to know that Satosha is a great person, you would tell as many different people “Satosha is a great person. “
If you only tell one person, I can just find and kill that person and no one would ever know Satosha was a great person.
You diversify when you would rather have something than nothing but you are ok with having less than if you didn’t diversify.
If you were betting on 100M dash and Usain Bolt was in the race against 7 old men , you would put all ur money on Bolt. If it was 8 random old men only you might spread ur money around on 6 of the 8. If one of the 6 wins , at least u get something. If u put it all on runner 1 and he wins you would have gotten more. But then there’s a 7/8 chance u get nothing.
That is a great point .. but doesn't it mean a pre existing knowledge of future .. means you already have complete data about Usain Bolt and you can fully preempt the future .. may be , in case of Usain , you can but who knows he wouldn't have cramps right at the first step of race .. still it is a good probabilistic decesion .. I give you that ..
But in reality , we neither have complete knowledge of past , nor a good enough probabilistic model to predic future .. if one claims to have such a model .. it is literally called blind faith ..
That is the reason diversification is a great strategy .. because perfect knowledge doesn't exist ..
Besides - the goal is never to maximize wealth .. goal is to survive as long as possible .. because in this world - survivor always wins ! ..
IMHO the math is 100% certain that Fiat collapses and everything that isn’t ₿ is Fiat. Even if ₿ only has a 1% chance , I would still rather be 100% ₿.
If people are happy being a slave then yes , go 50/50