Nicely done! I also just got my lightning node figured out, feels good to be self sovereign 💪
Discussion
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The best feeling is no bank accounts. I highly recommend that.
I’ve been thinking about this for a while now, how I can reasonably make it work.
There is nowhere near me that accepts bitcoin for anything. No services, groceries, clothing, nothing. I also don’t have access to Bullbitcoin or bill pay through Bitcoin Well, in America. The closest thing I have to it is Strike.
Strike lets you use your bitcoin balance to pay accounts linked through ACH. Problem is, they convert your BTC to fiat at the time of payment, charging you fee. You also will have to pay short term tax on any gains. My plan for now would be to use credit cards as much as possible, use the gained reward points to cover exchange fees, and just eat the taxes hoping they even out with any gains and losses eoy.
I’ll still need to use a bank account though to facilitate my direct deposit, and setup a weekly reoccurring purchase through Strike. If I use their direct deposit feature, they will charge me an exchange fee again. I will have to take advantage of their weekly reoccurring purchase to mitigate fees. It’s a ton of hoops to jump through but it will be worth it.
Ya in the states it’s tough to do if you have fiat income. IMHO , as long as all savings is in self custody ₿ , then ur in good shape. Any fiat income goes directly to pay bills and any leftover goes to ₿ self custody.
As for taxes, I’d recommend ignoring them. Let the penalties rack up. But of course , nfa
A little over a year ago now when I was orange pilled by ‘The Bitcoin Standard’ that’s exactly what I did, all my savings are in Bitcoin now, I’m all in.
It’s funny you should say that about taxes, I told my wife the other night that if it wasn’t for her and our child I probably wouldn’t pay any taxes at all. I’m so sick of supporting this government. But I can’t put my family at risk with the IRS cartel.


