To clarify, keep the earned fiat in bitcoin and pay the credit bills from that balance every month (Strike handling the exchange to dollars and the tax reporting documents)
Basic 2% rewards credit card. Don't care about rate, since I would pay it off every month, per usual.
It's basically take direct deposit to Strike and immediately convert it to BTC. Live on credit and pay the balance out of Strike from your bitcoin balance. They manage all the tax reporting documents. The new Safe Horbor rules from the IRS require me to now report cost basis per account/wallet, so it sounds fun to just open a Strike account, have my cost basis start in 2024, amd see how far ahead/behind I would be vs living in fiat.
Why: It would male an interesting conversational shortcut to say "I lived on bitcoin for X months and performed Y% better/worse than saving and Z% better/worse than a popular index ETF."
Wife has agreed to the nostr:nprofile1qqsvgepe3vk2h65cdwcyf6f53ec2x68j5npth8my07fhhjenhsumajspp4mhxue69uhkummn9ekx7mqpzfmhxue69uhhqatjwpkx2urpvuhx2ucprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdal2aap strategy of living on credit and bitcoin. Trial period is three months. This is gonna be wild.
I think it's more a matter of companies being able to reliably predict lower or favorable regulations, so they feel more comfortable opening up positions, investing in R&D, and taking on debt.
I've been a bitcoiner for a decade. I am a marshmallow test grand champion. I'm the olympic marshmallow test goldedal winner. I'm on a Wheaties box, staring down a marshmallow. I am on the cover of Broderbound's home computer version of the marshmallow test.
Maybe "suburban myth" moreso than an analogy. The "tulip bubble" similarly serves as a bad analogy for bitcoin, because what people think happened in the tulip bubble did not.
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/
The marshmallow test is basically just a dumb game that lets adults project their ideas about poverty and agency on children. It doesn't serve as any better a predictor of adult success than just looking at how trashy the kid's family is.
Imagine if you had 10 units of Tesla stock in Robinhood and another 10 at Ameritrade. IRS wants you report activities at those accounts as if they were separate assets, even though, in your head, you have 20 units. IRS wants you to do that with crypto. Each wallet and hosted account is a separate asset with their owm cost basis history now.
You have to write a little letter, stating your intent to report in a "global" cost basis fashion, and which ordering strategy you intend to use (highest value, lowest value, oldest) for your UTXOs. But you just have to keep the letter for your own records, should you be audited.
The new safe harbor IRS rules got me thinking about living on Strike.
It would not be a wasted life to focus on not disappointing people as much as shitcoiners and Twitter users disappoint me.
I love it whem they upfront brag that they are nothing but a strain on your legal budget.
"Wanted by Finland" is about as menacing as being wanted by Legoland.
There are way more places on the internet and in real life that take bitcoin as a payment than there are those that accept gold as a payment.
OH MY GOD I FORGOT TO MENTION THE WATER FILTERS
A dedicated faucet for filtered water. But wait! Another filter mounted under the sink that runs to the fridge, which ALSO HAS A FILTER.
Previous owners of this house left some mysteries.
Two identical faucets where the handle set screw is missing (so they cemented the handles down on top of the cartridge). Did they just not know what the screw was for?
Garage/porch lights with socket dimmer adapters...like what? You want your outdoor lights to be variably dimmed??? OFC LEDs don't work in them.
Sooo many mystery light switches. I have no idea if I'm turning on an attic fan or an unused outlet.
Remember how the egirls were goimg to save V4V
No decent person wants a society based on street justice. People who hold these signs think they do, because street justice scratched a particular itch.