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Dr. Jeff · 59w

What’s stopping you from getting on a #Bitcoin standard today?

Bitcoin Boomer @bitcoinboomer 1737726121

When @jack mallers announced bill pay in Strike, that pushed me into a bitcoin standard. I was HODLing as much as possible for my future savings, but left a good portion in fiat to pay monthly bills. I always wondered about eventually finding a way to stay mostly in bitcoin, but still have a way to pay bills. Strike gave me that way, and I appreciate it! Thank you, @jack mallers and the @strike team! Well done!!

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npub1pl4qpkzdff3weqqv2qm3fcjm0hd00pak2hvddp67q9jjkfrjr49sesuk3m · 59w

fiat liquidity but i am so tempted every day especially with this fawning over banks now being able to custody bitcoin 'bitcoiners' it turns out are the new shitcoiners i live on fiat fumes as it is so i may as well

I’m doing this too. It is awesome! I hate holding onto fiat.

gojiberra · 59w

Does this automatically figure out taxes for the end of year?

Sats-uma Stacker · 59w

Man, I just don't wasn't to check that box on my tax returns about selling crypto...

❒ PictureRoom · 59w

Have you made a bill payment yet using it? What does that look like?

Satsimalist · 59w

Does it have sats back for paying bills?

bitsquidgame · 59w

How do you handle the tax implications of that? Do you use a specific software solution?

Speedster · 59w

Last year I switched to taking 100% of my pay in Bitcoin on Stike. This year I started using the bill pay feature. Fee is ~0.8% which is the same as selling to USD. Looks like this: https://m.primal.net/NyDQ.png

Speedster · 59w

I like the bill pay idea. If it needs doing more than once you should automate it.

Question: Can you save the payee/payor info in Strike or do you have to enter that info for every transaction?

What is the best solution for us in Canada? Or when Strike Canada?

Satsdaddy · 59w

I've done the same for my fixed expenses. I was a little upset by the fees each time you sell back, but I'm giving it a few months to see if I still overcome that friction.

Mike Nunn · 59w

How does this work in a bear market? Do you need a Jack Mallers sized stack to cushion the fall?

The penny recently dropped for me on this. Gonna take a look at Strike to see if can get me on The Standard in the UK.