I closed my bank account yesterday. I am now 100% paying for my life in Bitcoin.
Nervous, excited, and relieved.
#bitcoinstandard
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Replies (138)
legend 🫡
"You can't debank me! I'll debank myself!"
Wish I could...I still can't pay by mortgage via the coin otherwise I'd be there with you
🔥🔥🔥
Whats the setup? Lightning, onchain, hardware wallets etc?
Wow. Coconuts. Conviction. I love it.
Strike bill pay
Cómo harias cuando una tienda que necesitas no acepta btc?
What kimd of deep cave have I been living in?
👍
That's quite brave. How do you pay for your groceries?
2025 is going to be an interesting year
Aw man, it's KYC for bill pay...was hoping to keep my stack non-KYC
PERHAPS HE EARNS IN BITCOIN
Puedes pagar con tarjeta de crédito y luego pagas esa tarjeta con el servicio de Strike. Bill pay
I wish I had more non-kyc. Much to learn.
Boa, estamos juntos. All in.
Você mora no Brasil?
Gift cards
Credit charges fees
MY HERO. I LOVE THIS GUY!
View quoted note →
You will pay more for bills now
You just made inflation worse
Also, apps can close your account at any time ,happened to be with cashapp
Legend! Can't wait to follow your lead
I closed my bank account yesterday. I am now 100% paying for my life in Bitcoin.
Nervous, excited, and relieved.
#bitcoinstandard
View quoted note →
Amazing!
Creditcard without a bank account? How does that work?
What do you use for spending at vendors? I've been looking at moonpay and just curious of other options. Preferably with no kyc
Well done 🔥
gift cards I understand but how do you get credit without an account?
Right on Sergio! Qapla' 👀
King 🤴
DAMN!
Do you know that using strike pay and custodial wallets isn't living in a bitcoin standard doesn't you? 👀
That's awesome. 👏👏
Bitcoin is not sustainable Bitcoin cannot scale to the population Monero can
A legend was born today
Congrats!
Godspeed 🫡
Attention, attention, Giga-chad alert! Stand clear of massive wrecking balls and swinging dong!
Good luck brah 🤙
If you still have some fiat, open a river account and have them pay u 3.9% interest they pay it in btc 🐸 not technically a bank account, just a free sats machine 😏
lmao meant to post with this account and in the bank 😂
Good notice
You know you’re not the king who gets to make the rules of bitcoin living and declare others unworthy don’t you?
Nice!
did you turn back and say “hfsp” on the way out?
Whoa
Please make an explainer of how to get to this level
This is motivation! #legend
You have a credit card without a bank account?
The cc gets paid with strike bill pay, which acts as a bank providing the acct and routing in order to pay the cc off using btc held in strike.
Its not the ideal btc standard, it is kyc, there is counterparts risk. But it is near impossible to spend btc when Noone takes it for payment here. And I'm not waiting for the world to adopt it.
So we meet half way until I can and I use centralized services as a stepping stone.
Don’t stay humble and spend sats! ⚡️
Bold! Let us know how you get on with this!
Can’t wait to learn more about
legendary 🔥
Way to go! 👏🏻👏🏻 #bitcoin is definitely for Unbanking the banked
I don’t understand why I’d pay for my life using a harder currency. It seems to make sense to me that I should use USD anytime someone will take it. It’s worth nothing and loses value daily. Why convert it to Bitcoin just to pay out in USD? It only kind of makes sense if you’re selling goods and services for Bitcoin.
Welcome to the future. The banks won't miss you, but you won't miss them.
In which country do you live? I can't do that in spain?!
Gangsta.
Words 🤝 actions
🫡
Well that escalated quickly....
I closed my bank account yesterday. I am now 100% paying for my life in Bitcoin.
Nervous, excited, and relieved.
#bitcoinstandard
View quoted note →
For me, the biggest problem with #Bitcoin as money was not its volatility, but the concept that money had to be “bad” (according to Gresham’s Law) in order to be easily spent in exchange for goods and services. However, after a long time, I realized that my perception was wrong. Using #Bitcoin exclusively as money means completely improving my economic environment, as it forces me to reflect on the quality and necessity of the goods and services I am willing to pay for. This is because the money (Bitcoin) I give in exchange has great value, both in the present and potentially in the future.
Brilliant! Well done!
retard
you can also be just 3% gay
Good luck!
Is there any details or howto get this done?
Given all the comments, it is apparent that everyone would love to see your journey well documented.
God Speed!
Could you run us through a typical day/month/year of spending? How do you pay for groceries? How do you pay rent? How do you pay for flights? And so on... Genuinely curious. Need to use more Bitcoin in daily life, hoping for some inspiration. 🧠
Sergio all Bitcoiners would love to do the same. If you could share your process we would be very grateful.
Is this even possible in Europe ?
This
With Bull Bitcoin maybe. I still have to try it out.
If the whitepaper says that bitcoin is for P2P transactions without the need of a financial institution to make it, living in a bitcoin standard is only buying products directly in bitcoin without the need of the third party to make my transactions. If you need it you are not in a bitcoin standard, but in the same old financial system that the only difference that has is that instead the number of what you see in the bank being $/€ is btc 👀
PS: I don't make the rules.
Nice job! I still have my local bank account, but mainly for a few checks I have to write each month as well as a way to deposit checks to then move into bitcoin. Otherwise, I am mostly on a bitcoin standard now, and I love it! I've noticed a little less impulsive spending, because I say to myself, "Is it really worth losing some bitcoin for this new thing?". It also takes away some of the stress, and gives me a legitimate emergency fund through Strike.
Neither you hold the "bitcoin" you have in Strike.
I understand what you say, but using Strike is the same of using a bank, and to live in a bitcoin standard is to live without the necessity of any financial institution to do your transactions, so paying things with Strike pay is the same as paying it with credit in a average bank.
At the advisory level, I honestly have none, as Bitcoin has been hijacked in such a way that the system have allowed to created mini Bitcoin-only banks, and people use the services thinking they are living in a Bitcoin standard, when in reality they are using the same kind of service that Bitcoin was created to combat.
When traditional banks buy Bitcoin ETFs and give people the option to denominate what they have in BTC at the bank and use credit cards directly linked to that BTC, are they really living in a Bitcoin standard?
Anyway, what a clown world Bitcoin has become...
It's because of things like this that I use Monero.
How do you live on a Monero standard? Short of using cakepay/bitrefill. How are you paying your mortgage/ rent?
The short and sweet is, more exposure to bitcoin makes sense to me in an up market. Time in bitcoin beats timing bitcoin.
If you dont use bitcoin as a currency and accept it as property you have failed. Property gets taxed and currency gets used as a medium of exchange. This whole experiment fails if we don't transact in bitcoin.
🫡
This is the sign of a true to the max Maxi. Well done!
You can also look into @Bitcoin Well. It also has Direct Deposit with slider ratio, but the BTC goes to your self custody wallet. To make payments, you send BTC to an address dedicated to each payee. There is no ACH option, which can be an issue for certain mortgage and loan payments.
Restecpa
The GOAT
Are you in the US? Would be cool to document it so you could show any pitfalls or gotchas that you run into to help people coming behind you.
Good job oughta ya!
@pup has some articles on the process
congratulations 👌🏻
How are you dealing with direct deposits? Just curious how you’re doing it
Been doing this exact thing since Strike Bill Pay launched. No regrets yet.
Can you do it through a web browser with strike? Or app only? Security is my main hang up. Needs MFA
I did the same thing, half a year has passed and I’m doing ok. Not that much trouble..
Fucking Legend
I am personally interested in the idea but I'm not sure the architecture is there for it yet. How do you pay for everyday necessities? What about expenses on the go?
If you can use Fold, you can use your card and fund it with BTC. 
Earn Bitcoin on Everything
Earn bitcoin cashback rewards with Fold. Use the Fold Visa Debit card and buy gift cards through the Fold app to earn bitcoin on everyday purchases.
Thanks for share
Legend
Fold won't reply to my emails and I've tried to get it for years, to no avail. They don't like me.
It’s almost like you never read the many posts of Satoshi, Hal, and the others of how it all plays out. Nowhere in the white paper is it discussed what the final definition of “I’m living on a Bitcoin standard”means. Someone wants to celebrate getting rid of their traditional bank account, hold bitcoin instead of dollars, and you want to pop in their note and poop on their celebration by letting them know they just might not be pure enough for you to celebrate with them. Have whatever reply guy response you want, I’m celebrating with them.
Kudos to you 🫡😎
i made the change this year also!
well done Sergio!
I have always had good luck with their CS. I have also heard people having shitty experiences like you. 🤷♂️
You inspired me:
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Nice. Could you explain further what you are referring to with the Strike part? Can't exactly put together what you are saying with the established credit line and Strike/cash app. Was that referring to using Bitrefill?
that's brave. you don't need to do the fiat mine job do you?
Separate uses. Strike as an exchange has Cross River Bank as a partner where you can direct deposit into steike acting as a bank account. Under setting in Strike , if you go to Bill Pay you will be provided with the account and routing info that you can use to pay off your credit cards. In effect, Strike is now your bank account, allowing you to deposit bitcoin and pay your credit cards off with said bitcoin.
You also have the option of adjusting what percentage of the direct deposit you would like in Bitcoin and Fiat. A tool that will come in handy when we see the bear market.
Why do you have any USD at all? That's what doesn't make sense.
Couldn’t agree more. I use Bitcoin whenever I can, but if someone’s willing to use a trash currency like USD then I’m happy to pay them in it. Until there is a more circular economy with Bitcoin then it’s better seen, at least to me, as a store of value. But I love what you’re doing for principles sake.
Yes, if I was giving someone Bitcoin, not converting it to USD to pay rent like OP, I agree. I will gladly pay someone accepting Bitcoin and even seek them out. But if my landlord wants a rapidly more worthless currency like USD he can have it long before I convert it to Bitcoin.
⚡⚡⚡⚡⚡
Congrats, friend. Let us know how it goes. I'm working my way there. I feel like I first need a 6 month emergency fund runway (in bitcoin) before my wife will feel comfortable #gettingonzero fiat.
I know someone in USA doing the same methods. You guys are lucky to have these tools. Congrats on taking the plunge!
Congrats. Now see if you can live KYC-FREE (no Strike) and truly be debanked
Next challenge: go KYC-FREE
I closed my bank account yesterday. I am now 100% paying for my life in Bitcoin.
Nervous, excited, and relieved.
#bitcoinstandard
View quoted note →
Cuando sea más grande quiero ser como vos 😅
Dude: and 48k sats for your efforts! Oorah. Love you #bitcoin
Wow! Kuddos to you! Are you on US territory where you can use strike and the such?
Don’t feel we got the needed infrastructure to live on a #bitcoin standard in the EU/ Spain
Yo también!! 😁
I don't said i live on a Monero standard, we are not yet ready to live neither in a world of bitcoin standard or monero standard, for that we need to push to have more businesses accept the coins directly and have a proper circular economy.
My standard is cash for what i can't buy with monero and everything i can buy with monero i use it.
But yeah buying gift cards for some services is the only option, the thing that i clearly think is nonsense and i refuse to use is banking services that are wolves at a sheeps skin.
They are building the systems that will makes us trapped, and more vulnerable to state agents, system and censorship that all of us oppose.
You are seeing now coinbase for exemple applying a social credit to Bitcoin L1, sooner or later you will see fractional reserve banking with Bitcoin and ecash is the most probable tool they will use for sure for that.
They are testing it in Central banks (words from an interview of calle).
PS: Take time to read Bitcoin Hijacked of Roger Ver if you want to see the other side, don't just eat Bitcoin propaganda.
(The system is really good at selling ideas that go against the public interest like is shinny gold, and many of influencers even here are on some big names payroll)
It clearly says that the coin is made to people not use financial institutions to make payments P2P.
Its because of reading the emails and posts of satoshi that i clearly know that bitcoin was hijacked.
Where is the block size increase to support scaling that satoshi propose?
Where is the privacy protocols implemented that satoshi talked?
Im not here to poop the celebration of one getting rid of FIAT, im here to remember what is the pourpose of the coin, and to at least try to open the eyes of good people that falled in propaganda from guys that are working for the system, and they are doing it very well as i see.
Go read again satoshi pappers, maybe you didn't understand what you read, or didnt read at all.
I get what you are saying. But even cash is a federal issued debt note printed by banks. This transition may come to fruition at the tail end of our lives, hopefully sooner. Far fewer people use Monero than bitcoin at the moment. And if a merchant accepted monero I'd use it for goods and services as well. I recently got the monero standard to read. But you have to be pragmatic, don't cut your nose off to spite the banks. I believe we can take steps toward the real bitcoin (or monero standard.) And I agree, the banks and institutions are in the process of attempting to box bitcoin into their framework of control. I don't think countries should be buying it. That's going just going to allow them to do what they have already been doing at a larger scale.
What would be the equivalent of lightning in monero? Because the tps for its base layer is slow 🐌. Merchants need more speed; which is what lightning offers on bitcoin.
This is fantastic. But where do you live?
Big blocker, nuff said. Good luck with your fork.
That's a good start, but assume it will last 3 months. I'm bullish, but I've been around long enough to prepare for the worst.
I know it is, but cash if not deposit and used hands by hands takes power from the system, and if we need to use FIAT why don't use that FIAT in cash, to not talk that cash doesn't pays fees to banks to move, cards and credit pays, so with a 50 bank note you do endless transactions, with the same 50 on cards in +- 100 transactions all 50 is from the bank now.
Far people use Monero? 👀
Maybe you are not aware but Monero is the number 1 Crypto used to do P2P payments and transactions by far. I have doubts that you find 1 store that accepts both Bitcoin and Monero that Bitcoin + Lightning is more used than Monero.
In my point of view that is what will happens with Bitcoin, banks and states have something in the hand to control bitcoin, and bitcoin doesnt have the tools to be censorship resistant because core devs and big names from the community doesn't want it. (Who knows why). Mining the way it is build today is a law away from only allow some certain transactions to go through. P2pool on bitcoin was abandon 12 years ago, and if you ask any big name about that, they run from the question. (Who knows why)
FCMP++ is on roadmap for this year, that will do essential 2 things, the first is update the anonimity set from the ring sign from 16 signatures to 100M upgrading the anonimity set and second will allow L2's on Monero.
We are going in the rigth direction, thats why some countries are banning and exchanges delisting, because they know Monero power and that they can't stop it or control it.
You can buy here with monero:
Cryptwerk
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It's not me the one that falled for propaganda..
I'm noy on any fork, i use something genuine..
Go read what actually satoshi have on his mind and then comeback without bullshit saylor or saifedean told you to repeat..
Satoshi Nakamoto: "Bitcoin can scale larger than the Visa Network"
Satoshi Nakamoto: "Bitcoin can scale larger than the Visa Network"
Hey gang. I see a lot of you asking questions about how our good Doctor Sergio is making this work. I thought I would offer these 3 links that explain it in detail and will help you get started.
Ooooooor 3.9% gay! while stacking sats. And ovious the recommendation is NOT to, but if you “have” to, while the rest of the world catches up and stop being retarded. Its an option.
You can use credit cards and bill pay with strike
I've been getting direct deposits through cash app 100% in BTC and selling whenever I pay bills, I've gotta get on the strike train. And shout-out to Bitcoin we'll, they can send your dd to sparrow wallet.
@Azzamo #thanks for the #zap
#thanks @pup for the #zap
I haven’t looked too deep into it, but I’m assuming the only pitfall would be the headache of tax implications when converting bitcoin to USD to pay bills
You ask your landlord?
You ask each and every one that you have a business relation with. It's not that hard. It just takes time.
Funny thing is that I've been trying to work out how to do the same and that question brought me to these videos aswell
💪🏽🤙🏽based
Thanks, Marc. Are you saying basically assume your Bitcoin emergency fund will last half as long as you think it will due to the possibility of bearish price action?
I wouldn't say "assume," but I am prepared for a 50% drawdown at all times. It's not that I'm bearish, I've just seen it "crash" too many times to not prepare for this.
If it doesn't...Awesome! If it does, It will go back up, but I still have bills to pay.
Hey gang. I see a lot of you asking questions about how our good Doctor Sergio is making this work. I thought I would offer these 3 links that explain it in detail and will help you get started.