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@jack mallers 1754434233

I have a negative fiat net worth, get paid in bitcoin, save in bitcoin, pay bills, and never have to sell bitcoin or incur a taxable event with my bitcoin-backed loans.

I live my life on bitcoin and my life gets half off every 1-2 years on average (1.44 years with 50% BTC CAGR to be exact).

Might need to make a video tutorial on this if people don't get it. It is magical.

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Comte de Sats Germain · 59w

I'd love a tutorial. But its the fiat side that I don't get. The bitcoin side is easy.

GoneGone · 59w

Video tutorial! 👍👍 https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExc2FpcXVtYTh3em5oOHg0ZDdhMG1yeGUybDFqaXVqZGZheDFzeDF5OSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/10Jpr9KSaXLchW/giphy.gif

I don't understand this! If you keep buying bitcoin and increasing your loan then won't you eventually have to pay your loan back and won't this happen at the worst time? I'm thinking that the this could hurt if someone can't afford a big drop in price.

Tico 🇨🇷 · 59w

Some me the cheat sheet kid ✴️🪽

don't you have monthly payments to pay back your loans? where does that fiat come from?

Achilles · 59w

Yes sir a tutorial would help spread the message 🫡🧡

The Stacker Monster · 59w

that CAGR looks to be dropping off a cliff quickly

VampireMJ · 59w

With a loan, the taxable event is postponed, not avoided.

nostrich · 59w

How do you avoid the annually refinanced loan compounding by 10% (or whatever the rate is) each year). Eventually you pr your estate will have to pay off an enormous loan. This is only really possible or sensible if you have a very large stack of bitcoin.

Jdwagner17 · 59w

I’ve been working on getting a STRIKE business account. How many rounds of questioning should I expect before they allow me to do so? It’s for a new business, a start up, self funded. It’s taking longer than expected and I don’t know why they wouldn’t ask me all the questions they have all...

apollosnake69 · 59w

Strike is needed in Canada

SwapMarket · 59w

Taking a loan backed by bitcoin may backfire in some countries with wealth tax and obligation to report crypto assets.

The Ben Gunn · 59w

strike works best the more senior you are then. Every session feels like an audit. Would I fk rely on it doing its job as a daily driver. Total capitulation to the regulator.

Someone knows if a similar model with bitcoin backed loans is possible in Europe?

Until we can pay on lightning or ecash everywhere, you should consider carrying some amount of physical cash. Privacy is important. If we don’t continue to use cash we may lose the option more and more. You could have less than 0.1% of your savings in physical cash, lose a small amount to debase...

Bitcoin Nora · 59w

>Fiction · 58w

Yes please make the video tutorial. Doesn't the loan compound forever? What if loan gets enormous and has to he paid off, that would result in a taxable event? (Sell BTC, pay loan). Thank you

Unreal Jack mate. Definitely pathing the path I have been listening and watched those earlier videos. I know you said debit/credit cards are not a priority and the process of saving in bitcoin borrowing in dollars but… the Strike marketing and ease of use I think maybe a missed opportunity. Even a...

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzpmhxue69uhkummnw3ezuamfdejsz9mhwden5te0wfjkccte9e3h2unjv4h8gtnx095sey2wlc is there a way to do it with debit cards ? I don’t like credit cards .