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718 sats \ 4 replies \ @k00b 22 Sep 2023 \ on: Are gift cards the best we can do for no-KYC lightning trades? bitcoin
Someone is bound to suggest this so I'll just get it out of the way: work for bitcoin. That has its own list of problems and in many situations is probably much more inconvenient than gift cards.
work for bitcoin
the best answer
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Thanks, I love the idea and will try to do that more, but the overhead there I think is massive compared to the gift card thing. But much more fun I bet :)
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The trick is to find a job (or a few part-time jobs) that are conducive to paying in non-KYC Bitcoin.
For instance, there is the option of powerwashing people's driveways/sidewalks. Buy a $200 powerwasher from Home Depot. Charge customers x fiat per hour. Offer them a 25% discount if they pay in Bitcoin.
Some will pay in fiat and some will pay in Bitcoin. Spend the fiat on gas/food/etc, and save the Bitcoin. Be prepared to explain how to buy Bitcoin. And have a Boomer-friendly explanation for why you want Bitcoin.
If you're into to cleaning and orange-pilling boomers, then this might be worth trying. You can do this for a few hours each weekend while working a regular 9-to-5 job.
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It is challenging to find companies that actually pay directly in Bitcoin. Most will use systems that basically buy Bitcoin out of your pre-income tax paycheck, but that is as close to "paid in bitcoin" that exists. Still a really great deal. I tried the whole getting paid in Bitcoin thing and ended up still taking most of my paycheck in cash. It just allows me to manage finances in a more realistic fashion. What I do like about this setup is you can split a % of your paycheck into Bitcoin directly instead of all of it. Perfect if you plan to buy in the first place.
You also don't want all your paycheck in because really the issue isn't getting Bitcoin, but getting rid of it.
When you need to use that Bitcoin for your daily life you just potentially made your tax situation extremely complicated, because even though you are getting paid in Bitcoin you still have to sell it for cash to buy groceries or pay bills or end up at any one of the KYC checkpoints you would encounter anyways. Currently if the government knows you're buying Bitcoin they also know you're being paid in it. At least if you are a full blown w-9 carrying employee.
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