BlessedBovine on Nostr: January update: Our household suffered this past month. We had reduced income (I took ...
January update:
Our household suffered this past month. We had reduced income (I took a pay-cut to start a new self-employment venture), and we had some unexpected expenses that pushed our costs above normal. In terms of Sats, we had to dip into our savings resulting in a net loss of 3.93%. In terms of fiat, the purchasing power of our remaining Sats (savings) still had a net increase of 4.70% when priced in USD (our local fiat).
Just tracking the fiat amount: we would be down -4.14% in savings
Granted, we would've had 100% less Sats (in savings) had we not converted all of our fiat to Sats going into this year.
#Strike Bill Pay worked as intended. There was a nerve-racking hiccup where the option disappeared on our account, but it was quickly resolved by their support team. We also had to provide a certificate of marriage so we could pay my Wife's credit card bill.
We weren't able to put any savings into long term cold-storage via bitcoinwell (nprofile…azs9) because we were at a net loss this month.
In short:
Sats were down (we dipped into savings) 3.93%
Fiat Value (of our savings) was up 4.70% (despite dipping into it)
If anyone is interested, I'll keep updating in percentage terms how our life looks on a monthly #BitcoinStandard
#Boom #Booming
#LivingOnBitcoin
#Bitcoin
#SatLife
Our household suffered this past month. We had reduced income (I took a pay-cut to start a new self-employment venture), and we had some unexpected expenses that pushed our costs above normal. In terms of Sats, we had to dip into our savings resulting in a net loss of 3.93%. In terms of fiat, the purchasing power of our remaining Sats (savings) still had a net increase of 4.70% when priced in USD (our local fiat).
Just tracking the fiat amount: we would be down -4.14% in savings
Granted, we would've had 100% less Sats (in savings) had we not converted all of our fiat to Sats going into this year.
#Strike Bill Pay worked as intended. There was a nerve-racking hiccup where the option disappeared on our account, but it was quickly resolved by their support team. We also had to provide a certificate of marriage so we could pay my Wife's credit card bill.
We weren't able to put any savings into long term cold-storage via bitcoinwell (nprofile…azs9) because we were at a net loss this month.
In short:
Sats were down (we dipped into savings) 3.93%
Fiat Value (of our savings) was up 4.70% (despite dipping into it)
If anyone is interested, I'll keep updating in percentage terms how our life looks on a monthly #BitcoinStandard
#Boom #Booming
#LivingOnBitcoin
#Bitcoin
#SatLife
quoting nevent1q…820tGood morning everyone.
I started my Bitcoin journey in 2023, with the support of my wife. After a little over a year and a half in this space, I've came to the conclusion we needed to be all in. Today we officially began our journey of living on a Bitcoin standard thanks to jack mallers (nprofile…5cfd) and Strike for replacing our checking/short term savings (with acceptable counter party risk). Also thanks to bitcoinwell (nprofile…44jd) for providing a long term savings solution by allowing us to have Sats sent directly to cold storage upon selling our fiat (without counterpart risk). Finally to Chase, that will continue to allow us to run negative Fiat and short the old system.
I was expecting a lot of anxiety about the financial change, but I am honestly so much more at peace with this. Fiat systems are evil time theft mechanisms, opt out. #Bitcoin
Special thanks to all the Bitcoin community as a whole, but also a special thanks to the Bitcoiners that gave me the confidence to do this for my family. You guys should know that you are effecting change in the world. You certainly changed our lives.
adam (nprofile…s47g)
BTC Sessions (nprofile…wmsc)
opti (nprofile…wp0q)
nico (nprofile…faun)
bitcoinwell (nprofile…44jd)
simplybitcoin (nprofile…ztph)
HODL (nprofile…zk3a)
erikcason (nprofile…uly5)
walker (nprofile…rm9g)
preston (nprofile…9dyf)
Jeff Booth (nprofile…vlfj)
saifedean (nprofile…e3uc)
The biggest thanks goes to my lovely wife, Anna Le-Henn (nprofile…cdx7) for loving me and supporting me the most as I've fallen down this crazy rabbit hole that is the Bitcoin revolution. I love you so much, Honey.
God bless everyone, hope to thank you in person some day.