10 sats \ 0 replies \ @jsonbits 17 Apr \ on: Feed some smart chimps with sats in a zoo bitcoin
It works! Very cool to see!
This is also possible in the US. For example, if you had to take out your retirement early, you'd owe a huge tax, but can just use the money you withdrew to buy bitcoin and get on an approved tax payment plan and pay a couple hundred bucks a month.
Why not just auto-convert your paychecks to 100% bitcoin through CashApp or Strike? That's what I do and it is an easy way to get on zero fiat. Then spend SATs where they are accepted, buy gift cards on The Bitcoin Co App and Bitrefill, and sell what you need for fiat to pay your fiat bills (just before you need it). Maximize your usage of bitcoin day to day. Mine at home for Non-KYC SATs. Use Bisq Network and Robosats and buy Azteco vouchers to maintain a non-kyc stack. When you sell from your KYC stack use automated tax accounting tools like Taxbit to track your cost basis.
1003 sats \ 0 replies \ @jsonbits 20 Feb 2023 \ on: Break this cashu faucet and win 10k sats bitcoin
Just started playing with Cashu and chaumian ecash tokens / mints this weekend. Awesome privacy and scaling implications IMHO.