A question for Bull Bitcoin \ stacker news ~bitcoin

pull down to refresh

642 sats \ 21 comments \ @DarthCoin 4 Oct bitcoin

Hey @BullBitcoin, I used Bull Bitcoin option to pay a (fiat) bill to an IBAN (Instant SEPA). All worked super fast and smooth. I used the option with LN and onchain. Both options are easy to use and fast. Also the exchange rate was pretty good, no complaints.

Usually I have a friend that pays my fiat bills, so I gave him my sats and he pay from his bank all my fiat bills. But now he went dry on fiat so couldn't do it for me. So I have to use Bull Bitcoin new feature.

My question is: how you guys operate these payments to fiat IBAN? I am interested to know if my sats goes straight to "Saylor bags" or are kept in Bull Bitcoin bags until somebody else wanted to buy them?

Which scenario is used?

BullBitcoin take my sats and keep them in a reserve, not selling instantly on open market and they pay the fiat bill with BullBitcoin fiat reserves (or fiat from other users that want to buy BTC).
BullBitcoin take my sats and instantly selling them on open market (where Saylors are grabbing them).

I would prefer to know that a new nocoiner is buying my sats from BullBitcoin and not going to "Saylor's bags" or other bullshit treasuries reserves.

view all related items

103 sats \ 1 reply \ @anon 4 Oct

pay a (fiat) bill to an IBAN (Instant SEPA).

Fiat cuck move

I would prefer to know that a new nocoiner is buying my sats from BullBitcoin and not going to "Saylor's bags" or other bullshit treasuries reserves.

The virtue signaling is strong with this one

126 sats \ 0 replies \ @DarthCoin OP 4 Oct

anons opinions = 0

58 sats \ 2 replies \ @zapsammy 4 Oct

find more friends who are willing to pay ur fiat bills; the more bitcoiner friends, the better;

20 sats \ 1 reply \ @DarthCoin OP 4 Oct

Yes, I've tried, but many are really dumb...

0 sats \ 0 replies \ @zapsammy 4 Oct

i was contemplating what it wud be like to run a sunday school for kids of dumb bitcoiners, so that the next generation can start changing the current horrible conditions; i keep thinking "be cute and funny, cute and funny;" then i get angry, lol

100 sats \ 1 reply \ @BullBitcoin_ 22 Oct

It's option 1 in most cases

0 sats \ 0 replies \ @DarthCoin OP 22 Oct

thanks for answering

10 sats \ 1 reply \ @jakoyoh629 4 Oct

this option?

https://www.bullbitcoin.com/blog/send-fiat

0 sats \ 0 replies \ @DarthCoin OP 4 Oct

yes, is very simple and straight forward

0 sats \ 11 replies \ @supratic 4 Oct

Smells like too much kyc. Does the sender need to be kyced or only the receiver? What are the requirements?

107 sats \ 3 replies \ @DarthCoin OP 4 Oct

You cry about KYC... so I have some questions for you:

why you do not cry when you still use a bank account ?
why do you not cry when you still vote for a politician ?
why do you not cry when you still use a govID ?

0 sats \ 2 replies \ @supratic 4 Oct

lol, here my response for all of your 3 questions:

because I don't.

0 sats \ 1 reply \ @DarthCoin OP 4 Oct

you do not cry or you do not use any of those 3 ?

0 sats \ 0 replies \ @Solomonsatoshi 4 Oct

Government is fundamental to the provision of wealth and security. Without it there would be chaos and poverty. To argue otherwise is to misapprehend human nature.

In the absence of government, people will clamour to form one. Because without it most people are fucked.

Try living somewhere there is no government. You won't. Because you are not suicidal or insane, are you?

159 sats \ 6 replies \ @DarthCoin OP 4 Oct

Only the sender. When you create an account on Bull Bitcoin you must KYC. I used my grandma details anyways, so I don't give a shit. KYC doesn't bother me in terms of how many people think is KYC - "govs will know about your trades"... that's bullshit. KYC means your personal data is in databrokers hands from the first second you put it online. The exchange is not even storing that data, is a 3rd party dealing with.

There's NO WAY to use fiat without KYC, you are KYCed in any aspect when you touch fiat.

Listen this amazing podcast episode from Darknet Diaries about databrokers and KYC data... https://darknetdiaries.com/episode/162/

83 sats \ 0 replies \ @Wumbo 4 Oct

I used my grandma details anyways

21 sats \ 1 reply \ @Lux 4 Oct

That's a revealing podcast.

I was just thinking, KYC means the UTXOs are registered to the person, so, by contract, they belong to the owner of the person, the Vatican. Magic :D