There’s obviously several things to consider.
For example the value of my remaining balance (in sats) would be worth more over time and hence I’m preserving the value of my money.
I would love to know the experience from people that are living in the #Bitcoin standard, because I’m sure I’m loosing a lot of details and perspective. However this test has given me at least more curiosity to keep studying it.
What do you guys think?
At the end of the month I calculated how much money in fiat I would have (living in fiat) and the fiat value of the actual bitcoin I would have, and saw a couple of hundred dollars (~190) that I would be loosing in fiat value at the last day of the month.
* I downloaded all historical data for #Bitcoin prices for the month (did it for one month for now)
* Downloaded all my transactions for that month
* As soon as I get paid I assumed I converted my paycheck, and bought at the mid range of the open and close (for simplicity)
* As soon as I got charged a bill, I would pay it day day (at the price of that day as explained above)
Testing living in the #Bitcoin Standard
I’ve been thinking about this for a couple of months now, and I decided to use data to simulate how would it be. Plus I need to also get my wife on board. We have talked about it several times but we both have the concern of the volatility of prices. I know this shouldn’t be a concern, for example, in our savings strategy, we don’t really care about it.
So I setup the test in the following way…
🧵 👇
So now you are where you can be 😂 (… unburdened…)
What power supply are you using? Looks great!
#Bitcoin
nostr:note1zyc96rmwqrdhc7w9qqcuea7dkq6y2cah9t7l6kyfprayus6rl8ss8cy3m0
I just checked my Bitaxe and saw this 👀 is this normal? If you have any resources to learn how mining works in detail, please share 😃
New to Nostr? Introduce yourself in the comments and I'll zap you 210 sats to get started! Everyone else, please tag some newcomers here so I can zap them and follow ⚡⚡⚡
The easiest way to get a Lightning address is to set up Nostr through the nostr:nprofile1qqs9xtvrphl7p8qnua0gk9zusft33lqjkqqr7cwkr6g8wusu0lle8jcpp3mhxue69uhkyunz9e5k7qg6waehxw309a3kzcmgv5ejuurjd9kkzmpwdejhgtmkxyq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueq4089x0 app. They have a wallet setup from the get-go. Other easy options to get a Lightning address are Wallet of Satoshi, nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpz9mhxue69uhkummnw3ezuamfdejj79p99e5, and Getalby.
During nostr:nprofile1qqs9xtvrphl7p8qnua0gk9zusft33lqjkqqr7cwkr6g8wusu0lle8jcpp3mhxue69uhkyunz9e5k7qg6waehxw309a3kzcmgv5ejuurjd9kkzmpwdejhgtmkxyq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueq4089x0 setup, hit the 'Activate Wallet' button 👇
Do you know if I can get a NIP05 with Primal after the account is created?
Is it possible to get a primal NIP05 with nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg after creating your account? #asknostr
“And whatever you guys play with…” 🤣
Good start of your day with a fresh coffee 🥰
I think that with Macron’s threat to Elon about shutting down X, it would be cool if he brought the X algorithm to Nostr. Would this be good for the protocol?
Curious to see if there’s a lot of people in #Canada living on the #Bitcoin standard, and how difficult it is to get by, specially by converting income and recording P&L for each transaction
Finally starting to get the real difference between X and Nostr. I like I don’t get as many toxic posts about the world; and only get the things that interest me! #Nostr
Is anyone in 🇨🇦 using nostr:npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 with TD? TD recently rejected my recurring bill to BitcoinWell (Apaylo Financial) and the payee is not available anymore on TD platform… very concerning if they’re blocking it! #bitcoin #canada
Any credit unions recommended? Thinking more deeply about moving out of TD
Is anyone in 🇨🇦 using nostr:npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 with TD? TD recently rejected my recurring bill to BitcoinWell (Apaylo Financial) and the payee is not available anymore on TD platform… very concerning if they’re blocking it! #bitcoin #canada
