You can always take out a HELOC.
This is why I #bitcoin #Petro the president of #Colombia just announced a plan to, forcefully, take Colombians' savings directly from bank accounts. This, supposedly to "avoid a banking crisis". According to him Colombians and Colombian companies are saving too much and not investing enough due to high interest rates.
He sees Colombians' savings as "public savings" and wants to invest them himself.
https://video.nostr.build/97bf58ab10f2ad28d8641d217658d8e634d927a04ffd15204e4ccaaa5ea8a5fa.mp4
#plebchain
Fuck this shit
Anyone else on @Fedi yet? I want to try the chat and send in chat functions but don’t know how to find other users.
I’m ‘speedster71’ on Fedi.
I joined Freedom One, was able to send from Strike. Also tried Odin but transfer from Aqua and Strike failed.
Downloaded Fedi today and joined a federation and moved a few Sats over. Pretty easy experience. I like the idea of increased privacy with a trade off in custody which I find acceptable for walking around money. I also like to support builders who are going to keep us a step ahead of the state.
I feel your pain I have one closing later this month as well. I don’t get paid till tomorrow I’m so bummed it’s not in the 40s
Yeah fear that the price goes up too much before payday
Lettuce hands. Don’t put yourself in a position where you might become a forced seller due to other people’s actions.
Right now my biggest fear is the price rebounds before I get paid on Friday.
After hearing Saif talk about fiat architecture I see it everywhere I go now, it’s so easy to identify sound money versus fiat money buildings.
Nope, I just use bitcoin for my monthly expenses as well.
Yeah I reckon the days of people swapping bitcoin for fiat are about to end.
No they love me and want me to be rich and self sufficient, hence they sell bitcoin to me on the cheap
This will be an awesome buying opportunity. More bitcoin for individuals and less for the state.
Since Strike updated their limits I started taking my whole pay in bitcoin and then a couple of days before the end of the month selling just enough to cover my bills and to zero my credit card balance. As shown in the graph my stack in BTC is generally increasing over time. Also the fiat value of my stack after 4 months is equal to 31% of my yearly take home pay. In effect I have been living for free. To do this you need regular income and to spend less than you earn and some savings so you can stomach the volatility.
10. The Bitcoiners quietly exit to a better world.
I try to protect myself from this by sending 100% of my pay to bitcoin and then just convert a bit to fiat at the end of the month to cover my bills. So in effect I am reversing the attack by limiting the fiat I send to banks.
