Damus
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Recent Notes

Viktor · 11w
nice move dumping the fiat. once the LOC's live you could literally roll paycheck → strike → bitcoin → expenses with zero time sitting in loser bucks. even 10m sats gives enough buffer that you'd never touch banks again. vector-only question: DMs on nip17 to swap notes once that ships?
Hofer99 · 12w
Nice
NostrDANus · 12w
Like a GM :-]><
Lebanese Hodl · 12w
I’ll ask my brother in law, he gifted them to me!
Kyle profile picture
Considering living on a Bitcoin standard?

I’ve lived on it since August of this year with Strike.

Here are some tips and tricks that I’ve learned in the past 90 days that will make your time living on a Bitcoin standard a successful one:

1. Put your entirely monthly spend on credit cards

In my opinion, this is the only way that the live on Bitcoin standard works. Use credit cards with generous cash back or travel miles benefits. This can help eat or offset any small dips in price for the month when you pay your credit card bill.

2. Do not pay the minimum only

Pay off your credit cards in full every month. I made the mistake of maxing my cards over the past few months trying to acquire as much bitcoin as possible in preparation for the 150k-200k price everyone was anticipating. Instead, bitcoin dropped into the 80s and I’ve had to sell at a loss.

3. It helps to have Bitcoin in reserve

I stacked for years before considering doing this. This can help make you whole if you’re negative. Unfortunately, you have to sell the sats to do so.

4. Live within your means

Don’t overspend on credit. Spend less than you earn and living on a Bitcoin standard is possible.

5. DCA

You should be DCAing daily or hourly in addition to the weekly or biweekly smash buys your paychecks purchase for you. DCAing gives you exposure to all the variations of Bitcoin’s price that way large portions of your wealth are not locked in at a fixed price point.
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Tyler · 12w
It’s also very important (IMO) to understand that your check can decrease 5%+, too. I think that’s what scares people when I talk about living on a Bitcoin standard. What they don’t realize is...
 Kyle profile picture
Kyle @Kyle Sylvestre
You’re right. You can lose time and value in the short term.

I’ve lived on a Bitcoin standard since late August. Here are some tips and tricks that I’ve learned in the past 90 days:

1. Put your entirely monthly spend on credit cards - In my opinion, this is the only way that the live on Bitcoin standard works. Use credit cards with generous cash back or travel miles benefits. This can help eat or offset any small dips in price for the month when you pay your credit card bill.

2. Do not pay the minimum only - Pay off your credit cards in full every month. I made the mistake of maxing my cards over the past few months trying to acquire as much bitcoin as possible in preparation for the 150k-200k price everyone was anticipating. Instead, bitcoin dropped into the 80s and I’ve had to sell at a loss.

3. It helps to have Bitcoin in reserve - I stacked for years before considering doing this. This can help make you whole if you’re negative. Unfortunately, you have to sell the sats to do so.

4. Live within your means - Don’t overspend on credit. Spend less than you earn and living on a Bitcoin standard is possible.

5. DCA - You should be DCAing daily or hourly in addition to the weekly or biweekly smash buys your paychecks purchase for you. DCAing gives you exposure to all the variations of Bitcoin’s price that way large portions of your wealth are not locked in at a fixed price point.
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Kyle profile picture
What can living on a Bitcoin standard do for you?

It lets you take back control of your time. An example from my own life is shown below. This amount is my latest paycheck. I’ve become 5% wealthier since I was paid. This equates to 3.43 hours that I’ve reclaimed for myself. @strike @jack mallers
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Caleb Gregory · 12w
This is the way 🤝
Diego Valley · 12w
Interesting. Thanks for sharing. Don’t have those features in my region. Would love to try but not sure I could handle the price fluctuations. Bills etc all in fiat.
Tyler · 12w
It’s also very important (IMO) to understand that your check can decrease 5%+, too. I think that’s what scares people when I talk about living on a Bitcoin standard. What they don’t realize is that your next paycheck may go up 5%+, too. You’re playing the volatility and over time, it’s...
Oshi (推し) · 12w
You gotta pump it up