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0 sats \ 0 replies \ @SahilC0 28 Mar \ on: Convos On The Pedicab #159: Sahil Chaturvedi @SahilC0 podcasts
<3
If the approach makes sense, you should share with bitcoin companies in your region! Once it clicks I'm sure they'll start building GOZ features too
Re: taxes, I write about that in the post as well - not sure how it works in EU but in general, you're only paying tax when you're ahead. So a non-issue
@Catcher ^
Yeah I hear you. one way to avoid that is to directly pay off the bill (or rent, whatever) as soon as income comes in. (That's what I do). That way you're not buying and selling on a different day. Volatility is reduced to basically zero
Great, shoot em my way here or twitter!
I spend on credit and then pay off the bill with sats (selling). Honestly though, most of the time when income comes in, I just pay off the bill directly without buying/selling first.
In the future, we'll have better tooling for automation. i.e., auto-buy any time fiat hit your account. Auto-"sell" any time you pay a bill.
writing a get on zero series guide that will come out next month. stay tuned
How common are credit cards in Germany? If you can get away with that, it'll probably make your life easier. Just "sell" bitcoin (spend bitcoin) to pay off the bill at the end of the month.
Controversial and will take people a long time to see what you're seeing, I think. Took me a while for sure. Fascinating stuff. It's literally made me reconsider (and articulate more clearly) why I dislike shitcoins.
My distaste for shitcoins it's not about decentralization anymore. The difference between a high quality ecash (good federation) vs a shitcoin token is literally one thing - the level of redeemability to bitcoin. Across time, how close can the token get swapped 1:1 to bitcoin.
ETH tokens, XMR, and other shitcoins: at any given moment in time, I have very low confidence they can be swapped 1:1 (same value as the past) to sats.
A high quality ecash token issued by a well-run federation (or even, L-BTC issued by the Liquid federation!), I will have much higher confidence, and so I wouldn't consider that token a "shitcoin".