Oddbean new post about login | logout Why Bitcoin? Especially now and especially for Wall Street? Bitcoin is the best expression of fiat debasement. No government, no CEO, no inflation, no politics. A monetary policy that cannot be changed. The antithesis of fiat, accessible to us all. All 8 billion of us are facing fiat debasement, even Wall Street. Bitcoin is our solution https://m.primal.net/IQea.mov
When is Strike going to come out with a debit card so that I can start depositing my entire income to Strike and keep it denominated in Bitcoin until I spend it?
i think a debit card is a bad product. why don’t you use your credit cards and use strike to buy BTC and then pay bills when they’re due? credit cards have better rewards and you get to spend fiat without owning any. much better imo
xapo has a shit hot product, and the best customer service i have experienced in a decade
nice (assuming shit hot is a good thing). i can’t use xapo, im american
yeah, they are good.. i keep my stack elsewhere but they are brilliant
nice. what makes them good?
they didn't enforce my KYC strictly, just passed it based on GPS and i haven't changed it and they don't care and the support people were very sympathetic i was all ready to go back to the old ways and get a romanian neobank account but i skated right past because of them i mean, you could be cynical about it but i'm still not in a cage so i think it's good
That's okay..adult workers can't use your products, adult, Americans or not. It's a shitty project and product.
That would be a workaround I suppose. I was a big fan of the Shift debit card though before Coinbase got rid of it several years ago. I was unemployed at the time and had a family to support, so I ended up spending about $15k worth of Bitcoin with that Visa card in 2016. I would just deposit sats to Coinbase every couple weeks and then I could swipe that Visa card anywhere and Coinbase would just liquidate some Bitcoin from my account to cover the USD charge.
Is pomp running for office with that outfit? 😂
It’s always fun to watch you school the media and shitcoiners, Jack 🫂
🫂
No bitcoiner should own any stocks. The stock market is why ppl are poor. Bitcoiner that hold stocks are part of the problem. Bitcoiners need to stop feeding the beast and also rhey need to stop using credit card companies because thats why we in tgis problem to begin with. Bitcoiners want to change the world but keep feeding the beast through stock markets But who am i to say right hahahaha
Stocks have important function in economy. The problem is money printing which creates artificial bubbles in financial markets. #Bitcoin fixes this!
No stocks they controlled by the feds and the create more stocks and ppl portfolios Depreciate and not your keys not your money stocks close and ipen at 9:30 to 5 like a business that steals from you and tax the shit out of you.. the world wont change till we dismantle the sto k market but ppl love the fiat incentives so NO THE FEDS WILL BE HERE
That important function is severely impaired by fiat debasement. When people use stocks to store value, corporations get basically unlimited money because they can use stock sales as a funding mechanism. This means the stocks are making the economy less efficient, as people allocate value to companies that their customers don't value. Prices of goods and services are a voting mechanism for the market to say, "make more of that!" If it sells, you're providing value. If it doesn't sell, the company needs to adapt or disappear so that other ideas can use their assets. Stocks allow corporations to bypass this competitive feedback, and thus inefficiencies build up in the economy. If fiat wasn't debased, it wouldn't be a problem, because value would be stored as money instead of stocks.
Exactly