I love spending Bitcoin but have always been a spend and replace guy so it costs 1-2% depending on where you buy Bitcoin. More recently I found thebtcco (npub18tc…2nxx) and have realized I can earn Sats back on money I am already going to spend by just buying gift cards and then buying the stuff I need with them.
Last year I started buying dips and then buying gift cards with LN withdrawals from River (npub1xke…d0en) as needed. The cost to acquire sats there is 1.2% so if you earn more in rewards than that then you’re coming out ahead. I basically turned River into a spend only checking account with LN capabilities. I have been consistently buying gift cards to places like Cabella’s, REI, Visa and hotels.com and earned a nice chunk of Sats back (140k so far at a 6% Sat back ratio).
Buying the dips has me way up on purchasing power now too. It’s sort of trading but whatever it worked in my favor this time. And if I would’ve lost purchasing power so be it. I know it could’ve gone the other way.
BTC_P2P /
npub1an…fze63
2024-02-29 03:57:38
in reply to nevent1q…vp9q
Author Public Key
npub1an6xs9jt6apmw45rmvu8pnspewdp6juwcgp76fk72ruky4dmcadqwfze63Published at
2024-02-29 03:57:38Event JSON
{
"id": "3768ff7455ea47fd4cefd14e0688f527607866a5b385fc1d985fe4c825c5937c",
"pubkey": "ecf468164bd743b75683db3870ce01cb9a1d4b8ec203ed26de50f96255bbc75a",
"created_at": 1709179058,
"kind": 1,
"tags": [
[
"e",
"08887ea273c14d530f67e91cb4720d6b784580a489fc8414824dcdac7550fb95"
],
[
"p",
"5112cd620db36cb47ec0fb6fb41635515fb2f50bf00e0d54bd52ce0dd623ec49"
],
[
"p",
"3af187bfe00920d87068a6bcdffc48f4b241d1d82594cd395119a30891041654"
],
[
"p",
"35b23cd02d2d75e55cee38fdee26bc82f1d15d3c9580800b04b0da2edb7517ea"
]
],
"content": "I love spending Bitcoin but have always been a spend and replace guy so it costs 1-2% depending on where you buy Bitcoin. More recently I found nostr:npub18tcc00lqpysdsurg567dllzg7jeyr5wcyk2v6w23rx3s3ygyze2qv32nxx and have realized I can earn Sats back on money I am already going to spend by just buying gift cards and then buying the stuff I need with them. \n\nLast year I started buying dips and then buying gift cards with LN withdrawals from nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en as needed. The cost to acquire sats there is 1.2% so if you earn more in rewards than that then you’re coming out ahead. I basically turned River into a spend only checking account with LN capabilities. I have been consistently buying gift cards to places like Cabella’s, REI, Visa and hotels.com and earned a nice chunk of Sats back (140k so far at a 6% Sat back ratio). \n\nBuying the dips has me way up on purchasing power now too. It’s sort of trading but whatever it worked in my favor this time. And if I would’ve lost purchasing power so be it. I know it could’ve gone the other way.",
"sig": "c6a791d62bd57467a24751a0066d3f6c9d201159426247c7a459989c6361695443b9fae100a8e0956fd4212b30976c6b676317a7682cd207ee59f1647533291a"
}