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52 sats \ 22 replies \ @DarthCoin 28 Jan \ parent \ on: Critiques of "Non-Kyc" Bitcoin bitcoin
Why people always want "to buy BTC" instead of earn BTC?
- https://darth-coin.github.io/beginner/buy-bitcoin-en.html
- https://darth-coin.github.io/beginner/be-paid-in-bitcoin-using-bitwage-en.html
We're talking in circles here.
My employer doesn't pay in Bitcoin, they honestly know nothing about it.
I mention it from time to time with coworkers or friends and they either think it's a scam (like a memecoin?) or a few them poke fun at me when I mention it (I'm like the funny Bitcoin-person LOL).
I don't know a single other person IRL who has heard of Lightning
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My employer doesn't pay in Bitcoin
- make them pay in bitcoin ( see example here: #692855)
- start using a service that pays YOU in BTC (did you read the links I just posted?) and gradually work on making them to pay you in BTC. https://darth-coin.github.io/beginner/be-paid-in-bitcoin-using-bitwage-en.html
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Strike offers the option to direct deposit your paycheck into your account and convert all or some of your paycheck into Bitcoin. Bitwage does this and probably more. However, both services require personal information. You seem pro Bitwage. Are you opposed to Strike in this sense?
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No. I am pro any option to get your wage directly in btc and don't do any shity dca.
DCA is for pussies.
Anyways, bitwage, strike and other wage services are only a transition to a full direct payment in btc.
For example I used bitwage from 2015 until 2018 meanwhile I did an intensive work of convincing my clients to pay me in btc.
Then from 2018 I start being paid in btc directly so I didn't need bitwage anymore. Only sporadically with temporary clients that haven't btc.
The difference between strike and biteage is that with bitwage you do not need any bank account in your name.
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no. the whole point is to never touch fiat.
DCA means you are chicken shit buying sats with 20 cuckbucks every week.
go full in and convert every single cuckbuck you have into sats
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Sounds good. Okay, so after I go all in by converting my paychecks into Bitcoin, how do you feel about services like Bill Pay that Strike provides to pay bills with Bitcoin? Also, how do you handle budgeting when the price of Bitcoin in terms of fiat changes when you need to pay fiat bills? Roll with the punches?
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Maybe pay all your bills first... then whatever is left goes to Bitcoin.
You have to budget so that Bitcoin can be down 50%.... and still DCA into Bitcoin while paying your regular bills.
As far as Strike bill pay, I have heard good things about it, however any bill paid is a capital gains tax event at least until Mr Trump removes capital gains taxes around Bitcoin.
OMG this is so "fiat mindset"... that I can't even grasp
To be fair, something like Bitwage doesn't really "solve" the "KYC problem", just shifts it to a different company.
Bitcoin circular economy is the only way to insulate oneself from fiat and all the garbage like KYC/AML.
And let's be real, you have to be both lucky and an incredible leader to create such an economy around you. It's not for everyone, it's going to be a slow process, and there will be people stuck in fiat mines for many years to come.
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Using Bitwage is not using a bank account in your name. You are totally bankless. That is a huge advantage.
Yes is not ideal, but is a start.
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I hate to echo Taleb here, but How do those counterparts get bitcoin?
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From others that already have.
I am paying the local fruits and veggies producer with sats because I already have sats.
I am paying the landlord in sats, because I already have them / earn them.
If people just hoard sats and never use them as money WE WILL NEVER GET THE FUCK OUT FROM FIAT DEBT SLAVERY.
But also never go back to fiat by selling your sats for more fiat. Just pay as much as you can directly in sats.
See more here: #576140
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True true... And how do they get some?
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From others that already earn sats.
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I think what Denl is asking... is how do we start a circular or meaningful usage of sats in the real economy?
Merchants have to have people who want to use Bitcoin. But without them, there are no merchants. Which means there is no where to spend it, which means there are no merchants... and so on and so on.
In addition, the merchants have to have the apps and at least a basic understanding of how to use them in order to accept Bitcoin over Lightning anyway.
And then, once the merchant accepts the Bitcoin what do they do with it? If their suppliers and employees accept it too then great... but we are not there yet.
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