Digging deeper into the blog post about it, it appears that spending on the card contributes to their ACH bill pay reward program. Essentially, you can earn between 0.25% and 1.5% extra if you pay your bills using Fold.

I’ve added myself to the waitlist.

Cheap plug. https://foldapp.com/credit-card?r=Rj5Vq

With the Fold credit card, if you opt for the annual fee (or monthly payment), you’ll receive a 2% cash back card. Alternatively, you could consider the Fidelity Visa or the Citi Double Cash Back card, which offers the same rate with no fees.

If you’re not a Fold + member, you’ll earn 1.5% cash back, which is comparable to the Capital One 1.5% Cash Back Visa card.

Ultimately, the decision comes down to your preference for receiving cashback in Bitcoin and supporting a Bitcoin company or using alternative cards with no fees.

Yes, I made a mistake. I knew the meaning, but thought it was mined to the exchange.

Sending mined coins to Coinbase is risky. It makes me wonder if this was just a random BitAxe user who decided to use Coinbase as their address.

Considering the availability of wallets, solo mining to an exchange is not a wise idea.

Electrical work would be fun. I could install new lines to the panel and expand it myself. It could also be a fun side hustle to install 40 amps and connect to a 240-volt outlet in a home’s breaker box for those who want to charge their electric vehicles quickly.

I’ve also noticed an increase in DIY battery and solar setup projects. While you can purchase an EcoFlow with 200 Wh for around $200, building one yourself sounds interesting. I might experiment with a setup this year for fun.

Nice to see Alby Hub expanding. The Hub experience is nice, easy to manage, and it’s a nice first step to a self-custodial lighting network. It still has features like opening channels, and a person can later on decide to use something else like ThunderHub.

I hardly use paper money these days. With the convenience of tap pay on my phone, I don’t even need to pull out a credit card.

However, the nickel should also be eliminated.

“In FY 2023, the U.S. Mint’s toll to make, administer and distribute the 1-cent coin increased to 3.07 cents from 2.72 cents (12.9%) and the unit cost for the 5-cent coin rose to 11.54 cents from 10.41 cents (10.9%).”

https://www.coinnews.net/2024/02/09/penny-costs-3-07-cents-to-make-in-2023-nickel-costs-11-54-cents-us-mint-realizes-249m-in-seigniorage/#:~:text=Cos%20to%20Make%20Pennies%20and,from%2010.41%20cents%20(10.9%25).

KC needs to wake up, they are not playing like the reigning two time champions. Come on three peat!

Mr. Robot! That show piqued my interest in learning more about Bitcoin.

Better guidelines and an overhaul of crypto taxation are needed. While talk of crypto going tax-free has been mentioned, the US still has capital gains taxes. Every transaction is considered a taxable event that must be reported if used to buy or sell assets with a corresponding gain or loss since purchase.

Instead of trying to do tax-free, a more straightforward approach would be to pass a law making a certain amount of gains (or losses) on transactions be tax-free. Say $500, or $1000. This way, you could legally buy a cup of coffee and not have to report transaction gains or losses. People could purchase more items, more transactions/send fees (or routing), happy miners and node runners, and a more crypto-friendly country.

Until we have new laws for businesses, better adoption won’t happen.

Bitcoin has already proven to be a success with numerous use cases, but it remains a new technology that many people don’t fully understand.

In contrast to the current financial system, which takes 1 to 3 days to settle money through ACH transfers and often charges fees for wire transfers, Bitcoin enables transactions to be settled within thirty minutes, depending on fees. This process is available 24/7, including weekends and holidays. Unlike our current system

Other platforms, like PayPal and Venmo, are extremely popular for their user-friendly approach to sending money. With just a phone number or email address, users can initiate an "instant transfer." While the funds still require settlement, recipients typically see the money in their accounts within seconds.

Lightning addresses offer a similar ease of use. It facilitate quick fund transfers; however, the Lightning Network is even more complex than Bitcoin itself. Nevertheless, we have made significant progress in just 16 years.