SoapMiner's avatar
SoapMiner 3 months ago
Ben @BTC Sessions needs to do a complete step by step tutorial on how to live on the Bitcoin Standard

Replies (8)

Karnage's avatar
Karnage 3 months ago
Step 1: trade bitcoin for fiat. It’s the only way to pay your bills.
It depends on where you live and what you mean by living on a bitcoin standard. For a little while, I paid my bills with Bitrefill, but they don't let me do that anymore. I think Bull Bitcoin let's Canadians do this. Strike let's you pay credit cards with bitcoin, but they don't have a debit card. Cash App has a debit card, but makes you sell sats before you spend. Fold is a debit card with some wheel that pays 5 sats per spin and makes you sell sats before you spend too. They have some tiered sats back system for paying bills with fiat or something. I don't really get it to be honest. It doesn't work for me because I need to deposit on chain. The Cash App is my daily driver. I occasionally send sats to Strike to instant deposit fiat into BofA to pay fiat bills. I still use a little paper money because I prefer tipping in cash and the local weed stores don't take bitcoin and I don't want to pay extra fees to a damn bank. My wife still gets paid in fiat. I prefer to call myself a fiat minimalist. I suppose gold and silver could theoretically work, but ironically these metals are more complicated than bitcoin.
It’s too easy- save all your fiat in Bitcoin ✅ Use a fiat credit card for all daily expenses ✅ Once a month, pay off credit card with Bitcoin ✅ If you have a mortgage, I’m not sure anymore, but you could use your fold card linked to PayPal. But if your like me, I’ve removed most of the centralized payment systems (Venmo, PayPal, cash app, Zelle etc). My checking account has a few thousand in fiat to pay mortgage. I also offer discounts to people if they pay me in bitcoin, typically 5%