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20 sats \ 6 replies \ @JesseJames 24 Sep 2023 \ parent \ on: Pay any bill with Bitcoin in SEPA countries bitcoin
Step in the right direction for sure but not 100 % accurate. Bitwage is little misleading. One can't say goodbye to bank accounts in general. You can say Goodbye to YOUR bank account but your payroll goes from your employer to bitwage traditional way through the banks (unless your employer pays in real online BTC) then they convert at rate of their choosing and only then you get BTC in your wallet. So, you end up using THEIR bank account and not YOURs, there lies the difference.
You can do that with Coinbase today, send part of your paycheck there and withdraw BTC to your addresses (different every time). You already KYCd on Conbase anyway (or whatever exchange you use).... just saying and clarifying .... is all...
Yes, he said goodbye to bank accounts that are not in your name anymore. Few people understand why is good to NOT have accounts in your name in a fiat world...
Bitwage indeed is not the ultimate tool, but helps a lot in your move to a bitcoin only life.
I used Bitwage from 2015 until 2018. Later only sporadically.
In 2018 I closed all the bank accounts because I started to be paid directly in BTC and also had some starting points in spending easily my sats to live.
Bitwage is a powerful tool if you know how to use it, even that is soft KYC
You bring up Conbase... be careful with that. Conbase is the enemy of Bitcoin and people should NOT use it in any circumstances.
Read more here: #78930
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Agree with that, Coinbase might not be your friend but if one uses them as pure utility, cash in BTC out (diff address everytime) . Don't store or trade there just quick in and out. They are the biggest exchange in the US after all. Bitwage and Coinbase in this case play the same role so pick your poison...
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In my view the point is to avoid KYC as much as possible. Coinbase and banks send your transaction information to the government. The less information the government has about you, the less they can use it against you. History shows us that the first to become targets of repression are those who are already in government lists.
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I care less for govs...
KYC is bad not because of govs, but because you don't know where that info get leaked and used. Govs are the least concern when is about to buy BTC.
I don't fucking care about taxes and crap like that. If a taxman came to my door I will ask nicely: who the fuck are you to ask about my own money? Show me any proof you are the owner of my labor and money.
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Yes, I meant I don't need a bank account
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Yes, Correcto mundo ! :-) You don't need personal account...
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