Sure. I pay rent with Bitcoin and I save in Bitcoin.
And paying rent using bitcoin is solving what problem that existed while paying rent in CHF ?
Donât get me wrong but I was thinking we are talking about an actual problem that has been solved.
Donât get me wrong but you just moved the goalpost and ignored half of my answer.
Are you paying a fixed bitcoin amount or a CHF amount converted to the bitcoin equivalent every month?
Sorry I didnât realise that saving was use case. If you put money in anything it becomes a âsavingâ. Why would you call it a use case?
But okay. Guess it is.
Thanks
The second case on a fixed day in the month.
Back in the day, you could pay with Bitcoin on Galaxus, but those times are gone. And once, in Zurich, I even bought a beer with Bitcoin. And there were those credit cards from Singapore or Canada that let you pay in fiat currency but had to be topped up with Bitcoin. With each payment, Bitcoin was immediately converted into fiat at the current exchange rate. Iâm sure all of that still exists, but in the mainstream, or at least in my bubble, nobody talks about it anymore.
Probably just not that exciting anymore? And somehow there is no reason for this, as the salary is already paid in CHF. In my view, the only use case for the mass, at least in Europe, is Bitcoin as an investment. No idea whether this is good or bad⊠but investment is also a use case.
And as long as there are buyers, it works.
Iâve been working on a hobby project to experiment with Vibe coding and have started building a website called https://fairvalue.cc. The aim is to create a free version of the Giovanni Santostasi power law graph, as described in his Reddit post, similar to his Adaptive Power Law Indicator.
Please note that the project is still a work in progressâthe math model can still be improved.
Iâd really appreciate any feedback, suggestions, or ideas for improvement!
If this post doesnât fit the thread, feel free to move or delete it as needed.
What I imagined, but then not something really interesting for me. I get my salary in CHF, pay rent in CHF, no real use of converting to BTC for the few days where the money is on my account.
To me, it feels like using bitcoin as a payment network, but still CHF as a currency.
I guess itâs a two step process rather than one step process
Normal scenario
Earn in CHF - pay rent in CHF
BTC scenario
Earn in CHF - buy BTC - pay rent in BTC - landlord converts into CHF
Most likely the second scenario assumes that keeping liquid money in BTC (for tenant) increases the overall purchasing power due to appreciation and hence these transactional costs are worth it.
If you want to play with exchange rates (because you have a feeling btc will go up compared to chf), there are better instruments with less transactions than changing how you pay rent (like borrowing CHF to buy BTC).
I understand. I donât use BTC to pay rent
I was just trying to think about what could be the rationale
Lol. Still the same discussions. I leave it with Satoshi (July 2010):
âIf you donât believe me or donât get it, I donât have time to try to convince you, sorry.â
Wished Satoshi followers heeded to his advise. Millions of YouTube channels trying to âconvinceâ everyone everyday
A lot of us posted we were adding sub 80K back in Late Feb⊠no need to toot a horn⊠you buy it at whatever price you like â there is no real need to wait for a -10% drawdown⊠because it might be a -50% drawdown or it might be up +30% from here. nobody knows.
Nobody knows. But what I know for sure is that buying randomly beats buying only at ATH.
But I see that I likely missed those posts in February, glad you took over the noble duty back then!
Me in my tiny group of investment degens
alright, [been] scaling into a starter position. using a mix of etf + self-custody, for two reasons: a) still learning, so trust level has to reach the one of etf first, b) planning to rebalance via etf for now.