Filou @Filou - 7mo
Confession: I am completely out of fiat, and it's scary. It means I'm living 100% on a bitcoin standard, but also: that my current #Bitcoin stack is probably as big as it ever will be.
Not afraid at all to leave fiat behind, but worried my pleb stack is not enough and I definitely don’t want to see it start to shrink. Until now I’ve had some fiat income to pay bills and convert excess to BTC. Now I have to get by on what I already have saved.
Zap stack NGU! 🤙
We run a small-scale farm, but this year decided to transition to #V4V and #bitcoinonly. Meaning: we nuked our existing business to rebuild on a bitcoin standard. Currently we are earning less than our overall expenses, but hopefully that will change over time. https://njump.me/nevent1qvzqqqqqqypzqqwsh0u4xlh3l5xalq2lg8qcjeec7636pasq75w8s2ma3zg3xr2vqy2hwumn8ghj7mn0wd68ytn00p68ytnyv4mz7qpqt98vhtgkx2wml5q7vgewusehkhayeacgxyjfg9339ufgjh8wsmgqwp75w7
I also run nostr:npub1sweetl0gskmka0n5qevt7v2wj9q56ntwkmaeywffw4ftaucmcakquhns6h which is currently our main revenue source, however honey sales are not enough to cover all our farm expenses!
Yes, that's the general idea. We simply decided we were no longer willing to trade our finite time for infinite USD anymore. I'd rather earn bitcoin in whatever ways I can, even if it's currently far less than we earned before in dollar. Opt out completely of the fiat system. At this point it's an experiment and may possibly fail? But on the other hand, I am hopeful that we can build it back piece by piece under an entirely new model– and if we don't at least try to fully embrace the #circulareconomy how can we expect it to work?? The other problem we grappled with was selling food for profit: With inflation rapidly increasing we were forced to raise our prices regularly to keep up. We realized we were eventually pricing out the majority of our neighbors and restricting access to healthy organic food to only those wealthy enough to afford it. So rather than set prices in USD we are opening up to 'pay-what-you-can' and hoping that those who 'can' will help to pay for those who 'can not'. We are simply not willing to play fiat games any more, and experimenting in an effort to find a new (better?) way of doing 'business'. Maybe it will work, maybe it won't.
Bitrefill visa cards for purchasing and paying bills and/or selling sats on RoboSats when necessary – Amazon gift cards for buying necessities, and Zelle payment can go directly to the mortgage for example. Also there are some bitcoin wallets/providers who will give you a virtual bank account number which can be used for fiat expenses.
Also, another important aspect: #V4V means exchanging whatever we can with no fiat involved whatsoever. We trade with neighboring producers for their products that we don't produce ourselves. So we have vegetables, eggs, meat, dairy, baked goods, etc all covered. #CircularEconomy means exchanging #bitcoin directly with other businesses that accept it. We buy coffee and some value-added products from producers around the world and pay directly in Bitcoin. Basically– Avoid fiat at all costs, and exchange as few sats as possible back to fiat only when absolutely necessary!
Woah, cool! 🤝
🤙
2nd part is the scary one. No more fiat means no more stacking sats, I’m stuck with what I’ve got (at least for now)
Filou @Filou - 5mo
Shaving off slivers as needed for expenses 😝
