The moment people start believing or trusting politicians the moment I am out.
Like a wolf saying to the sheep that if they vote for him, he’ll be vegetarian.
Watch out for the serious regulatory scrutiny on bitcoin now folks
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It all makes sense now coming from your history. So sorry to hear that. That’s a tragic loss. :(
But the cool thing about all of this is the freedom of choice to opt in or not. Could do the normal way and get 100% fiat and then allocate the necessary amounts to bills and Bitcoin portfolio.
Either works and both stack Sats.
But damn 4 BTC I’m sure that stings everyday
Yea but that’s the thing you are only using the money that would automatically goes towards bills. So it’s not like the bitcoin you are selling to pay for bills would be the Bitcoin that would be used to hodl.
The purpose is living on a Bitcoin standard and your balance appreciating in value until the bill is due. The leftover bitcoin that you have after expenses of course would go to your wallet for same keeping.
Now if you don’t have any expenses then obviously you wouldn’t want to get paid from work in bitcoin then sell that bitcoin for someone’s else’s bills or as a donation lol. You’d want to hodl it all and move to cold storage.
No that’s not the theory. The theory is when you get paid all your money is converted into bitcoin on strike or you get paid directly in bitcoin. When you pay all of your expenses on your credit card (rent, phone, utilities, food, etc) you’ll get the 1-4% cash back from your credit card while also your expense money is in bitcoin that is growing (most cases) and when it’s time to pay off your credit card bill you are using the Bitcoin.
So you could earn cash back from credit cards and you bitcoin could have grown 5-10% in a months time as well so you end up net positive on both sides with the cash back / points and bitcoin appreciating. Even at the end of the year when taxing are due you pay capital gains taxes on the profit which sucks of course but you are still net green on the year and this is just simply living on a bitcoin standard. You won’t necessarily have to get paid in fiat then end up buying bitcoin on strike or whatever and paying off bills each month with little growth potential besides / unless you are using a credit card and getting cash back
And they have an auto accounting tool on there that makes taxes easier for when you sell the btc. This way you maximize you living on a bitcoin standard
Jack pays things with credit cards, he connects his credit card info into the bill pay all and when it is time to pay off his credit card the bitcoin that is sitting in strike sells off and is converted organically to fiat so that the creditor can receive payment
Okay why doesn’t nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle have more Sats dropped here after he just shared an amazing product with the world. He deserves at least 100k Sats #nostr family.
nostr:note1t7vl3qvr5zggp79g8n5ntf6ejwpkp0rvv7ungz0hys4xvq6pnpeqm2tjj6
We still need a candle close above 0.1M BTC
Nice Cornell #nostr
Hopefully in a good enough time to buy a decent home
Yea would me nice if 0.01 can buy a house in Mexico 🇲🇽
That’s the plan
