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agree, even if still require to own and think in fiat... The ideal would be to have 100% bitcoin in every moment, so to spend bitcoin everytime we need to buy goods and services. At this point is easier to solve the "hodl or spend-and-replace?" dilemma, cause is just a matter of time preferences and monthly income/expenses.

A softer and most applicable version of this solution is to own just a little amount of fiat specifically for expenses that would be to inefficient to be conducted in bitcoin, with merchants that want fiat.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

xapo bank makes that pretty smooth, holding in bitcoin and only selling for fiat when you pay in fiat, and if the merchant accepts LN you can do that as well, and of course SWIFT/SEPA and on-chain bitcoin

they are the first neobank to go full bitcoin and i'm so glad to finally have this option... i first had a "crypto" card back in 2016 and their service was awful (wirex) and i got robbed by them again, with the cooperation of a bulgarian bank who i had an account with back in 2013, refusing to verify my identity to the bank and the bank refusing to give me back the card their "eject money first" ATM swallowed while i was busy paying immigration fees

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Discussion

ponymontana💜⚡ 1y ago

wow didnt know xapo was pioneering on this, will give it a look!

ponymontana💜⚡ 1y ago

ok, too expensive for me, maybe in 1 or 2 cycles, who knows...

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

yeah, i was almost not gonna do this year because of that fee

but because i can, i will, even if i have to live a bit poorer

out in the boondocks here anyway there's not a lot to spend it on, and ecom is a pain... i have to walk an hour to go collect my deliveries so i'm not keen on doing that much of it

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

and speaking of which, the insanity of portuguese post strikes again

supposedly they tried to deliver it but failed, according to their bullshit

but probably some other shit happened because they never are clear about anything

i'm just gonna go to the place where it's expected to arrive in a couple of days, a nice 2 hour out-and-back and my 2.5kg of hydrolysed beef powder will be there, almost certainly

i have had a very consistently bad experience with european postal systems... bulgaria was only good when it was one of the several private courier companies, they were brilliant, had collection points everywhere and always called you on the spot when they arrived

portugal everything goes through the government monopoly post office and it's a joke, they are so incompetent and slow

rich west european country vs "corrupt" poor east european country, who will win

bulgaria is sliding downwards though, every year i was there it got steadily worse

i bet it wasn't actually much worse when it was communist, it's probably now worse than the typical communist days of the 80s.. they destroyed their money in the 90s and then it was reset and everything was cool for another decade and by 2020 it was already reverting to communist grade bullshit

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

annual fee is steep tho, really you have to have stacked to be able to use it now, was 150 euro a year now 1k... so far they have been pretty solid, only complaint in months last week the payment card was misbehaving, but most of the time zero problems