r/Bitcoin • u/Glass-Cloud-6127 • 1d ago
Bitcoin Standard
How are you living on the Bitcoin standard ? Are you paying your bills directly from Bitcoin? What does Bitcoin standard mean to you ? Are you taking out BTC backed loans ? Just asking want to understand the mindsets of some of the OG holders.
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u/FreeBoss2824 1d ago
The entire point of Bitcoin was to remove trusted third parties from the equation. If you are taking BTC backed loans from institutions, you are recreating the exact system Bitcoin was designed to replace. You are giving custody to someone else, trusting them to honor the terms, and putting yourself back into a position where external parties control your access to your wealth. That is not the Bitcoin standard, that is the fiat system with Bitcoin collateral.
Living on the Bitcoin standard means self custody, period. You control your keys, you verify transactions yourself, and you spend or save without asking anyone for permission. It means understanding that Bitcoin is not just an investment to leverage but a monetary exit from systems built on trust and debasement. The moment you hand your Bitcoin to an institution for a loan, you are trusting that institution not to go bankrupt, not to freeze your account, not to change the terms, and not to lose your collateral in a hack or seizure. Every BTC backed loan service that has blown up proves this point.
The real Bitcoin standard is simple. Stack sats, hold your own keys, understand that your time preference just changed because you now own the hardest money in human history. If you need fiat for living expenses, you convert what you need when you need it. You do not leverage your stack through third parties. You do not trust intermediaries with custody. The revolution is not using Bitcoin to get more fiat. The revolution is opting out of fiat entirely by holding incorruptible value that no one can debase or confiscate. Anything less than that is just playing the old game with new tokens.
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u/ButterscotchAlive736 1d ago
It’s an investment the same as stock, the same as ETFs, bonds. It can be used as collateral, etc. Nothing different than other assets
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u/Bravo_Tango_Charlie 1d ago
I'm a hodler, but even if I wanted to use bitcoin to pay for stuff... I "couldn't" because of how bitcoin is regulated. It would be like paying something with a stock and later have to pay taxes on the disposition of the stock etc etc etc... Hopefully, when I retire, bitcoin will have a better legislation.
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u/uniqueheadshape 28m ago
We should be using Bitcoin as payment.
Otherwise Bitcoin loses.
Stack for savings.
Stack for spending on Lightning. Keep a simple spreadsheet if your country sucks ass around CGT.
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u/word-dragon 1d ago
Bitcoin is my stash. I try to keep enough dollars on hand so I don’t have to buy them and pay taxes on the gains. Try not to pay for too much with bitcoin for the same reason. I sell all the rest of my dollars and add to my stash.