Since Strike allowed bill pay I've been shifting my life over from living off fiat to living off Bitcoin. I'm starting to notice things in every day life that showcase the difference in these systems.
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I’m considering the same but for: 1) monthly fees from buying and selling to bill pay and 2) concern of holding a large amount (for monthly expenses) on an exchange.
Would love to hear your thoughts.
That’s awesome! Keep in mind you can always start slow. I spent a month or so just building up a bit of a BTC base in case the price dropped significantly and some bills came due.
For 1) the fees associated with strike bill pay are based on the amount of trading you did the previous month. I think the highest fee they charge is <1%. I try to offset this buy buying things with a Gemini cc which will reward you 1-4% in BTC for your purchases.
For 2) It probably depends on the size of your bills but overtime if you continue to spend less than you earn and BTC continues to appreciate your BTC/bill will go down and free up BTC to move to self storage ( or at least that’s my plan). Hope this was helpful
Oh I should also note that if you DCA into strike after 1 week your purchases don’t have any fee. I just divide my 2 week paycheck by 14 days and let the DCA do its work
First was the birth of my first child a month or so ago. The hospital we were at is a big name in our area, multiple ads on tv and very well known.
The few months before my daughter’s birth we would see on the news the employees of the hospital were striking, they complained they were understaffed, over worked, and quality of care was suffering. During our stay this was evident. The nurses who were checking in on us were always extremely busy, getting multiple calls while they were with us and frequently needing to leave to attend to other patients, or stay late in order to wrap up some work. Many times they were forced by a manager to take lunch because they just got too busy.
To me this seems like a byproduct of the fiat system, the hospital is run like a big money making corporation, cutting costs and quality in order to maintain a profit and growth.
What would this look like in a bitcoin world? My first thoughts are that staffing increases and quality of services improve. Prices fall and the hospital and staff are able to prioritize care for patients, instead of profits. More staff and time allows patients to be evaluated on an individual basis for their unique situations, and not in categorized boxes to improve througput.
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