You have zero financial privacy by using the banking system.
The average person doesn't understand the full implications of transacting using fiat and banks.
I debanked 8 years ago. Ask me how if you want to do the same.
You have zero financial privacy by using the banking system.
The average person doesn't understand the full implications of transacting using fiat and banks.
I debanked 8 years ago. Ask me how if you want to do the same.
What challenges did you face when transitioning away from traditional banking, and how did you overcome them?
The first challenge was paying bills that require ACH bank transfers. I had to find workarounds like paying a friend to pay bills on my behalf, but now there are a few bill pay services.
The hardest definitely would be credit, i.e. when you need loans and such. I don't do any of that, but if I needed to, that would be complicated.
There are collateralized loan DEFI options. That's what I do. There are several EVM options like Aave, but then there is also options on Thorchain. I am literally my own bank in that regard.
Yeah that all makes sense, if you have the collateral to get these loans.
What alternative methods or tools do you recommend for maintaining financial independence outside of the banking system?
-Self-custody of a crypto that's widely accepted and just works when you need it
-Get a long list of services, like gift card providers, that work, in case one goes away
-Get several bill pay solutions
-Find a community of people who like crypto, who will be willing to trade p2p
good list! Have the essential to be s fiat outsider
How? :D
I have a long article coming up soon, but this is a super short list:
https://inleo.io/threads/view/thedessertlinux/re-anderssinho-3b7v1lwuk
Yes, we have our visition, but definitely yes!!! Tell me more 🤓
These are some good tips:
https://inleo.io/threads/view/thedessertlinux/re-anderssinho-3b7v1lwuk
thanks for sharing bro!!!
Relevant:
Amazing words! Clear and objective, it's our choice what we want to do after you understand this.
Thanks for sharing
Cheers!
cheers!!! 🥂