I’m not advocating for 2 years of USD… I would keep cash flowing USD monthly and saving the overage in BTC until the BTC stack is up to at least 2 years worth of expenses…. I have many years of living expenses in Bitcoin but haven’t made that switch yet more due to laziness and not taking the time to figure out the practicalities of it yet.
Monero maxis always seem to be pessimists…. But I guess if they consider themselves realists and have a negative view of the world it would look the same…
I would say that there isn’t a concrete definition of what it is. Besides it would take an agreed upon centralized authority to give a blanket definition. In the end we are all making decisions relative to what others are doing. But yes, remaining in a western world, doing modern things without any 3rd parties is impossible.
I assume you are very rugged. Live off the land. Kill animals with your bare hands and only do P2P with your bitcoin.
How does this look for you?
Going to have to look into running a nostr node.
Pretty crazy how little I got on X in the 36 hours since I got on NOSTR.
Fold app. You can use your account and routing number if you don’t use your bank card. Please never assume anyone is using coinbase, what a sh!t company. You get bitcoin back on all purchases, even transfers from your fold card to another bank account you own. Also you can push sats to your card to top up your USD balance, buy gift cards for sats back… I’m sure I’m forgetting something
Upgrade sir!
Bitcoin checking account:
@foldapp #fold
https://use.foldapp.com/r/C74HWWWA
And for a savings account that holds in USD but pays 3.8% back in bitcoin use river:
I'm inviting you to join me on River. Get up to $100 when you sign up with my link and buy Bitcoin! https://river.com/signup?r=HCJ3ILR4
Don’t use coinbase! 😂
I don’t use coinbase. Not a fan of them. I personally know one person who lives completely on a bitcoin standard who uses them. I have looked at Fold and Strike (I have a strike account) but hadn’t seen how it works for places that won’t take a CC for payment (like a mortgage payment).
If you receive a check can you endorse it and deposit into strike too?
Switch to nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 , they have a bill pay feature that provides you a bank account number and routing number to use. Then when the bill hits, they auto sell your BTC and pay your bill. It looks just like a checking account to the other side. Check it out!
Great reply. Thank you. Is this what you do?
GM
For those that are living 100% on a bitcoin standard (which I assume means having paycheck deposited into coinbase and using their debit card?) what do you do for bills that won’t accept a CC for payment?
I would want that much in BTC before I would consider using it for living expenses. If wanting to completely live off of BTC and have zero usd that is. I guess unless you make significantly more each month in usd than your expenses.
nostr:npub1qh5sal68c8swet6ut0w5evjmj6vnw29x3k967h7atn45unzjyeyq6ceh9r I’ve seen the data about how no bitcoin purchaser has been at a loss over a 4 year period . . .
What about a 30 day period?
No idea how to figure that info out but with nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 ‘s new bill pay I see people concerned about ST volatility (up & down with taxes or losses). Was wondering if there was a way to come up with an average 30 day return. This assumes you’re paid on the 1st and your bill pay is on the 30th. I guess it would also be interesting to know average 15 day return for semi-monthly payroll people.
nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
30 days would be tough without a decent margin. I would think you would want 18-24 months of living expenses to weather the ups and downs and drawing on it for living expenses.
P.S- nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs has sold a ton of Bitcoin over the years. Ask him
I figured most people in early enough sold a good bit over the years… was a very different market then…
Can’t think of an example where the leaders of a state make a system that hurts the native sons and daughters and continues to flourish. This will not end well.
Started Mike Duncan’s The Storm Before The Storm today for my 14 hour drive. Can already tell it is going to be a fastening listen.
Forgive my ignorance or if this has already been addressed but is Primal just one way to access NOSTR? Do we see everyone posting on NOSTR or just those on Primal?