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Sahil Chaturvedi
5683ffc7ff8a732565135aad56cdff94ebacd9a616d1313aea8ad48a446bfe99
Design @ Foundry • prev: Unchained • Advisor @ Bitcoin Keeper • Co-host Austin Bitcoin Design Club

nostr:note108tqy6glh7p0uwtwg6lrsyx94mgac4re2yhg476gyt4722x60k8qs7ysvq

https://m.primal.net/HwXM.mov

Anyone know if there’s an alternative to Flockstr? Trying to use it for Austin Bitcoin Design Club but it keeps crashing

Replying to Avatar Keith Mukai

Really great convo with nostr:npub126pll3ll3fej2egnt2k4dn0ljn46ekdxzmgnzwh23t2g53rtl6vs5ca7vm here.

I've been hesitant to go for the full "get on zero" thing. But this convo got me reconsidering a bit.

https://fountain.fm/episode/6EQf6yQBgaaB3DToRd2h

I earn some fiat and pay my bills each month. Let's say I have $X in fiat left over. When I have strong, dependable fiat income, I always move that fiat into bitcoin.

But what if I know I'm going to be running a $X+ deficit in fiat bills next month? Or that most of my income now is in bitcoin and I'm going to have to sell some next month regardless? Always felt kind of pointless to scale in only to almost immediately scale back out.

In a bull market, sure, 1 month of gains could easily be worth it. In a crab or bear market, the calculation gets rougher.

But now I'm realizing that I already do FIFO accounting anyway. So if I think about the amounts going in and out as FIFO stacks, then I think I can make it make sense.

I can treat the $X going into bitcoin as a longer-term hodl; those are the last sats I'll be spending from that stack. Longer-term hodls always make sense.

And a month later when I need to spend about $X back out, those are actually the OLDEST sats I have in that stack, aged like a fine wine.

Now maybe FIFO isn't the best tax strategy (to each their own), but I do think it helps to better conceptualize how a "get on zero" approach can make sense in the face of constant, impending spends.

Thoughts?

Yes!! I love this. It’s a great visualization, even if (like you said) you don’t literally use FIFO for accounting

Replying to nobody

Wait. Do we hate nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx now?

I 100% follow the crowd & although I like him & he saved my exchange interest harvesting ass; I will follow the crowd & turn on him quickly.

This is the way. He knows the rules.

Just memeing

Replying to nobody

Wait. Do we hate nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx now?

I 100% follow the crowd & although I like him & he saved my exchange interest harvesting ass; I will follow the crowd & turn on him quickly.

This is the way. He knows the rules.

Lolol no he’s a brother

Don’t mind me just uno-reversing hours of bullying 🔄🔄🔄

NFY and rehearsal are god tier. We got baited for the curse idk if I can recover from this

We got baited so hard

no sir my honest thoughts, I’m gonna go do that now too