As soon as major credit card providers allow balances to be settled in #Bitcoin, I will no longer need an exchange nor a bank to live on #Bitcoin in the states.

That's probably happening before 2030. #GetOnZero fiat is about to be a lot easier.

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You mind sharing your current process/best practices for what you are doing now?

Not rocket science.

1. All expenses go on fiat credit.

2. Sell #Bitcoin once a month for fiat, transfer to bank, pay off fiat credit.

3. Track the 12 transactions a year for tax purposes.

That's it.

Ha. Yep, that’s pretty straightforward.

Looking forward to it

By 2040, I suspect I will be able to phase out credit cards entirely, and pay for all of my expenses directly with #Bitcoin, even in somewhere as developed as the United States.

This implies (A) vendors and businesses adopt #Bitcoin receivable tech in mass [lightning], (B) that privacy preserving tech like Ark has matured enough to be used in every day real life, and (C) legislative bodies have cleared out impediments to using #Bitcoin as money.

It's a lot of stars to align, but I think that's a reasonable expectation and a reasonable timeline.

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Holding zero fiat is ballsy. What if there is a 6102 attack. You need diversification to protect your family. I guess holding a reserve of index fund might give be enough.

Preferably settled quarterly or twice a year.

You'd probably have to be ok with paying the minimum and accepting the interest to do a quasi-quarterly settlement. I think regulations probably require monthly payments