Jack Spirko's avatar
Jack Spirko jackspirko@primal.net 11 months ago
And I know many don't want to hear this but it can't be done without the integration of Stable or something like what Strike does and here's a clue, Strike is Bitcoin only but THEY ARE USING STABLES on the back end. If you are a company building things and paying a labor pool you CAN NOT USE a volatile form of payment. It doesn't matter how fast the settlement is or how many TPS there are. Anyone that thinks other wise has never run say a payroll with 2500 contractors around the world, I have and I am telling you we would have GONE BANKRUPT trying to do so. Now if that company has simply swept surplus capital into a BTC reserve (Saylor style) it would be worth about 10 billion today. I no longer am part of that company but it is worth may be 60 million today. View quoted note →
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Jack Spirko's avatar
Jack Spirko jackspirko@primal.net 11 months ago
Which requires stables to function, as I said. I will also say short term BTC holding to pay bills in nothing but an attempt that will often fail at trading. See bro I put my whole paycheck into BTC then pay my bill out of it, as it goes up I pay less on the bills. See bro I bought this shit coin just for this month by the end of the month I will exit and have more sats. If I were going to use Strike for Bill Payments and had a W2 job I would have it all deposited to Strike, pay all the bills in USD, use the surplus at the end of each pay period to DCA into BTC beyond a daily DCA. This makes sense, is clean and has not tax implications. And while I LOVE strike you'd be better off using River for something like this, making 3.5% on your USD, while it sits waiting to pay bills or go into BTC. I find the NEED to spend bitcoin by some to be beyond autistic, it is retarded. With some of the new things coming people are going to be able to spend dollars into bitcoin like Strike will let you from any bank account on the planet. Mallers better get busy! He thought Jamie Dimon was coming with regs and legal shit, Jamie is going to actually compete while pretending to still hate BTC.
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