How to Live ENTIRELY on Crypto (2022)
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- čas přidán 12. 07. 2024
- Now that you've gotten into crypto, what do you DO with your crypto?
Many people are building their savings in cryptocurrencies that can't be debased, in preparation for potential future economic upheaval.
But there are some who argue that this day of upheaval is already here:
- We have a financial system where you have to ask permission to use your own money, and payments can be blocked
- Where every time you swipe your card your purchases are tracked & monitored.
- Where any savings that you do leave in fiat in your bank account are losing value fast.
So for this reason, more and more people are choosing not to have any money in fiat at all. They convert all their savings to crypto, and then live entirely off that crypto.
As part of my beginner’s guide to using crypto everyday, I spent a day with Joël Valenzuela to find out how he lives 100% on crypto:
How does he buy groceries? Pay rent? Buy from major chains that don't accept crypto? Manage volatility?
His answers are really helpful for anyone ready to take the plunge!
00:00 - Why spend crypto everyday?
03:45 - Local businesses
04:31 - BitRefill
05:02 - Purse.io
06:03 - DashDirect
07:02 - Flexa
08:14 - Paying Bills with Crypto
09:08 - Paying Rent with Crypto
09:44 - How to Handle Volatility
Special THANK YOU to Joël Valenzuela and ALL of the wonderful Crypto friendly businesses of New Hampshire that welcomed me!
Joël Valenzuela: odysee.com/@DigitalCashNetwor...
/ @digitalcashnetwork
Fresh House:
freshhouse.com/
Maison Navarre:
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Fresh Press:
the-fresh-press.square.site/
Granite State Brazilian Jiu Jitsu:
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Watch this video on Odysee: open.lbry.com/@NaomiBrockwell...
Disclaimer: I am not a financial adviser! Think of me instead as an advisor on how to live your most sovereign life :)
Edited by Lee Rennie
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Here are a bunch of products I like and use. Using these links helps support the channel and future videos!
Recommended Books:
Permanent Record - Edward Snowden
amzn.to/305negc
No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald
amzn.to/2UQmJ4m
What has the government done to our money - Rothbard
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Naomi's Privacy Bag: some of my favorite products to help protect your privacy!
Use the Brave browser! brave.com/nao076
USB-C to ethernet adapter:
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Lightening to ethernet adapter:
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Faraday bag wallet (signal stopping, to protect your fob, credit card, and phone)
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Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)
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Computer privacy screen (use your computer in public? Keep your information safe!)
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Phone privacy screen (don't let people in public see your private data)
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Camera cover (for computers and phones, so no one can access your camera without you knowing)
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Privacy Tip: Don't use wifi, and if you must, append the tag ‘_nomap’ or ‘_optout’ to your SSID to stop other websites tracking your location. - Věda a technologie
More truth bombs from the one and only Naomi, thanks for featuring my life here!
Thanks for leading the way for all of us, Joël! 🙏
@@NaomiBrockwellTV So did you two ever get around to discussing cointree and making it open source and other improvements?
@@greatwolf. I'm trying to convince Joël to spearhead it actually!
If I live off crypto, will I have to verbally make "kerching" and "bling" noises every time a transaction goes through, or is doing that optional? 😉
Well done, guys. Great video!
@@NaomiBrockwellTV what about throwing it up on Dash's Trello incubator? Become Dash digital cash girl :P
You can now use CryptoCart to buy anything off Amazon with Crypto, no KYC needed
Thanks for the heads up!
This video was incredibly well done! It was genuinely informative, useful, and engaging. By showcasing a variety of different services (and focusing on real use-cases) it avoided the trap of seeming like a surreptitious commercial whose purpose was only to shill for a specific product rather than wanting to help inform people and increase crypto adoption generally. The professional presentation and great cut-away & interview footage easily matched any mainstream financial TV show. I'm impressed (especially seeing as so much other content in the crypto space is so amateurish and badly produced).
That's so nice of you to say, thanks so much!
@@NaomiBrockwellTV I wish there were videos that would actually walk you through how to set this up, use it, spend it, etc... from each wallet, especially Uphold. I cannot find any videos on it :(
@@Angie-im1xq have you looked at our other videos in this series? we talk about how to set up a wallet, the difference between different types of wallets, how to buy crypto etc. Perhaps there are some more beginners explainers we need to produce
Naomi is a living legend
Yes she is.
🥰
Yea deffs she is like the girl on the game I play shadowgun legends 😂
I think it's no surprise that I liked this video
This video was exactly what I needed. Love this series.
So glad to hear!!!
I'm about to do it, i loved the video, thumbs up and hail crypto! Haha
Awesome!
Wonderful video Naomi !! thank you for your brilliant research !!
I really appreciate you watching!
Saw you on Around the Block Chain. Subbed!
Oh yay! Welcome and thanks!
This is an eye opener, this guy is basically living 20-30 years ahead of everyone that only rely on the government, once mass adoption happens the world as a whole they’ll look back and say this guy is not crazy in the crypto era
Indeed 💪
Simple and logical--well done!
Thanks so much for watching!
Very informative, Naomi, as usual! Thanks for relating the experiences of this young, well-spoken man.
Thanks for watching!
✅ Subscribed, love the channel Naomi!
10:32 well said my boy!
Keep up the hard work Naomi!!!
Thanks for watching!
Cool, thanks 👍🥰
Yay! Finally!
Just watched this and lots of great information here...thank you so much! 🙏🏼❤
awesome! If you have any questions let us know!
Phenomenal Presentation Naomi
Thanks so much, Paul!
The Good stuff 😎. keep up the good work Naomi ☺️.
Thank you!!
Very interesting, thanks !
Thanks for watching!
great content!
Thanks!
Exactly what im looking for. I hope.
Morning Miss Naomi!!! Looking lovely
Inspiring video!
Thanks for watching!
Saw you on ‘on the blockchain’ great content thanks Naomi
Welcome!!
Interesting video
Great segment Naomi!
I appreciate that!
merci Naomi
Merci Achtung
I just recently discovered your channel and I really like it! Although, I might also be a liiiittle bit in love with you, which might tip the scales. 🤓 Thanks for your great work!
Thank you for being here!!
Great video, more like this please!
Thanks!!
what a legend
This is great journalism. This is what mainstream media needs to be reporting?
Awesome. DASH is the real deal despite the FUD.
Very interesting
🙏
Great Video Naomi, Are these wallets available in Mexico or only in Canada and the U.S.? Which option is more privacy and security focused? i hope we can go full crypto but i´m afraid that the U.S. goverment wants to replicate the chinese model with the excuse of national security.
These are not wallets, but services. For wallets, check out: odysee.com/@NaomiBrockwell:4/crypto-wallets-explained:1?r=65CZ4khtLVosPYvDbjTstVZydgm3NDF8
DashDirect is only in the US right now, but is coming to Canada soon. Try Bitrefill for other countries.
which 'crypto' did they use, stable one ?
Thanks for this very informative video. One thing I’ve been wondering about is what would happen to crypto in the case of a widespread power outage. My parents live in Germany and there was a big flood recently. People were without power for extended period. Things like that could happen on an even larger scale due to unpredictable climate change. I guess fiat is also vulnerable, but is this so to the same extent?
Well in the case of a widespread power outage you wouldn’t be able to use your credit cards or withdraw money from a bank either
Great video… But what about all those cap gain taxes?
Dont pay
Good video.
I'm on board with the idea, but will this impact how I do my taxes...? Legislation in my area is all up in crypto's business
Naomi I have been using p2p bitcoin tx without any coupons since April 2018. You should also interview these who really are living on crypto and not just these whonare looking for the easy quick solution. These looking for the easy quick solution will.also be these who use central bank digital currency because they can declare tax reductions...
Crypto adoption unfortunately is still way too slow and very disparate inside North America and even Europe. And i let you imagine all around the planet.
Happy midweek Naomi and keep it up the great job
Thanks for watching!
Brillante
There are a lot of takeaways where I live and also local markets that only accept cash. I want to be able to tell them what app to use in order to accept crypto. Many of these people don’t even know what crypto is but they all have phones and tablets. So something simple is what’s needed.
Absolutely, I'll be doing a video explaining how to set up crypto payments for businesses
What places or examples can you give that accept crypto in Australia?
I don't live there so am not sure. Try Living Room of Satoshi, and try asking your locals stores if they'll accept it.
Hi Naomi, thank you for such a great content. How about Europe? not all your followers live in USA!!!
Hi Summer! These were not all US-specific:) Try bitrefill in particular!
Hi Naomi! I have a question; What is the purpose of using, say, Bitcoin when the purchasing process of Bitcoin will still leave you open for tracking? Bitcoin transactions are public and so if you buy Bitcoin with your credit card, you can still be tracked, no? I'm really interested in crypto but I'm having a hard time understanding how it's better than credit cards? Great video, love your channel! :)
Great questions. It’s about financial sovereignty. But agreed re privacy, and highly recommend you look into privacy coins like zcash if that’s your interest. Here’s a more detailed answer czcams.com/video/0tZC6DZwDO0/video.html
"When the whole world is marching over a cliff; the man heading in the opposite direction is said to be out of his mind" -- HL Mencin, 12 9th Century Historian.
great quote
I live in Greece, why am I even watching this lol! No but seriously, it's great that privacy-based technologies are emerging, but the adoption process outside North America will be very slow, I feel like.
Bitrefill has an international focus, it might work where you are!
You might be the coolest woman on the planet NB... privacy is the most pressing assault on more and more people across the world.
So how would someone's taxes look that used solely crypto all year?
Would there be any benefit for people with low incomes or on a meagre pension or social assistance, to use crypto currency?
There are huge discounts, so for sure
The fact dude does Bjj on top of hackin the matrix is just too much sauce
Again, Naomi, after watching a couple other of your vids, I'm even more curious abt--at least--dipping my scant savings into crypto. But...
1-what is the difference between using crypto as currency to investing in it?
2-where can I find step-by-step information, as a total newbie, on starting either currency or investing that's not going to go whoosh! right over my head? As soon as I feel that I have to pull out that 50lb dictionary of financial definitions, I've done given up. Where does someone like me start?
3-& when are you going to have a contest on the BOMB retro ray gun & tv set in the background?? 😃 😃
Savings are a great use for crypto, people save crypto when they're hedging against future economic instability.
Those who USE crypto day to day are saying that this instability is already here and are option out of the traditional financial system altogether.
Check out my beginners guide series: czcams.com/play/PLt3zZ-N423gVu4HB273Bs_LZ1_o94qQuy.html
And let me know if you have any questions!
📺🚀
I can't really help you with investing, but if you look up "How to Live on Crypto" on CZcams or Odysee you'll get another easy how-to guide. Look at Naomi's as well, of course.
@ Thanks for taking the time to respond, Joel. I'll check both yours & Naomi's links out, & take this advice to heart! Trying my hardest to catch up with the rest of this Brave New World b4 it becomes 1984......
@@richardmendoza4389 Absolutely, and feel free to reach out to me if you need help, @TheDesertLynx on most platforms.
@@NaomiBrockwellTV & oops! Rocket ship, not ray gun 🤣 Either would look great in my living room (hint-hint)
You can't track cash.
I don't get why more people don't use it.
germs?
Cash is great. Unfortunately it's increasingly banned, and will likely be phased out altogether with time.
But regardless, you can't use cash for internet purchases.
@@NaomiBrockwellTV True
@@solarson7363 Disinfecting money isn't hard
"Can't" is slightly too strong a word here.
Considering the crypto crashing recently, what options are there to use it if I just cant afford to risk the loss that seems to be taking people's life savings? For me to start using it regularly, I would need to know that if I put $100USD into some crypto today that tomorrow it wont be worth $5. Your video covers the opposite concern of not wanting to spend because it may be worth more later, but you completely ignore the fact that given the history one is more likely to take a loss in the future than to net any temporary gains.
Also, this doesnt actually give much details. When the people you interview say things like "its accepted lots of places" or "I've paid with crypto plenty of times in the past," neither give specific examples of real world usage
@@lightcatango8299 sounds like it ain't for anyone but gullible fools left holding an empty bag
@@lightcatango8299 put more effort into your alt-accounts, Naomi
I strongly advise anyone reading this to not spend any of your cryptocurrencies. They're appreciating assets. They want you to pay them in it for a reason. Especially ones with a maximum supply set. Scarcity + demand = value.
Did you even watch the video? Why do you hold any fiat at all if that's your prediction?
@@NaomiBrockwellTV Yes, I did. It's always good to have a slight cash reserve for the dips and to take advantage of buying opportunities. Who said I don't have 99% of my portfolio in crypto already? 😉 Thanks for replying. 🙂
@@ChillCash So you have almost all your money in crypto, and only maintain a small reserve so you can buy more during dips... so how do you buy everything else in your life? Why hold more fiat than you need to? And why use a system that tracks everything? And why not take advantage of huge discounts when you shop? 🧐 So many questions for the "never spend" hodlers 😂
@@NaomiBrockwellTV Fair point, but if I'm going to make purchases it will be with the depreciating cash I have rather than my crypto asset holdings. I strongly believe these prices we're seeing now will soar in the near future and these current fluctuations are going to be negligible, so spending crypto personally doesn't make sense at this pivotal time in the digital revolution. I've actually been very lean with my spending like your guest said, especially since the pandemic started.
Could you please make a video concerning what would happen to crypto if a solar flare should wipe our technologies? Is there protected systems in place that would survive such a disaster?
I guess I could combine it with "what would happen to all the money in our bank accounts if there were a solar flare", because they would have the same fate.
Short answer: total chaos and upheaval of the world as we know it.
I hope that people are working on solutions, Kurtzgesagt has a great video on that scenario and precautions that need to be put in place: czcams.com/video/oHHSSJDJ4oo/video.html
This is likely my goal, to live off crypto...
Sounds like a good goal!
It's possible today, just start with a piece at a time.
Did Flexa stop supporting Gemini Wallet?
If a solid work around for paying rent and utilities is ever discovered. ITS OVER!!!!!
This is the digital age in the face. It is here now. I hope everyone is ready for people to tell you they don't take cash.
10:16 He cites 'erosion of (FIAT) savings' as a reason to hold crypto - then crypto tanks 70% and he claims 'I'ts a long game'.
I guess one possible upside is that crypto will return to those highs... BUT _it can't go up forever_ , and at some point those who are 'all in' will demand stability.
OR; Perhaps: the crypto system will need to balance the swings with built-in automatic rewards to counter losses or something of that nature.
fiat is inflationary, it is never going to go up in value because the government only ever prints more of it. You don't see why people are betting on crypto instead?
@@NaomiBrockwellTV don't forget stable coins as well, good side liner to crypto.
I noticed that he also uses GNU-Linux on his laptop, to get away from Microsoft and Apple. This guy is truly part of the resistance. I salute him.
After inevitable crypto crash: "How to live under a bridge."
And after the dollar collapse? Hopefully you’re at least diversified into other assets if not in crypto
This is interesting, but how much % of my savings should be in crypto currency?
That's a personal question, and I definitely can't give investment advice. Some people have all their savings in crypto. Some might just have 50 basis points.
@@NaomiBrockwellTV thank you for a timely reply. I appreciate that.
That depends on your risk profile. For me it's pretty much 100%, but that is a higher-risk proposition at this stage.
Nice vid
Thanks!
So, my question is, are crypto payments anonymous like cash?
Depends on the currency you use! Zcash is a privacy coin that is completely anonymous, monero and firo are other privacy coins, dash has a coin mixing feature built into certain wallets
i love u
in my country its not allowed to use crypto to buy things lol
Briscoe County Jr.: “I’m looking for the coming thing”.
Bitcoin is that thing in our generation. The coming thing has come.
@Xi Vonoc lol. Not sure what that is.
He's doing that with dash?
Yep
The man living off Dash probably didn't end up well.
Reporter from a low budget yellow journalism rag here, can you tell me what it's like to be a hottie that all these guys with oddly specific tastes want to get with?
The real task is convincing my boss to pay me in crypto. I'll have to get right on that.
Try it, but even if not, BitWage can help you receive your money auto-converted.
zero taxes
They're still deducting it from your paycheck. You still pay sales tax buying your fancy coffee and croissant.
Cash only, no crypto, which can be controlled.
Need to add XRP Da Slandered
Zcash FTW
project quantum qbit get in now!!!
I looked up many of the ideas presented here and the sites focused on “luxury” ticket items … big red flag. 😂
Living off crypto sounds about as easy as living off of coffee and pastries and craft beer. That is to say, those of us who don't live like college students anymore, probably not feasible. And if you're buying backpacks or whatever from Amazon through an intermediary, what is the premium? Obviously there must be or the middleman wouldn't make any money. And if you're concerned about privacy, aren't you concerned that the middle man will know everything you're buying and turn it over to whoever?
Hi! girl, your sound is a little bit low here. 🙉🙉🙉🙉🙉
👀
Isn't paying with Crypto taxable event? How does he co-op with ~20%+ increase on all purchases?
This is not how capital gains works
Ah! I should've thought about it this way! He basically receives his wages in crypto, so this is not an investment and his Tax is just within whatever his tax bracket is for the job.
Is that what's happening?
@@NaomiBrockwellTV It's actually precisely how capital gains works
@@mac88white Actually it's not. You pay a percentage in however much the money has gained value. This doesn't equal a 20% increase on purchase. You're actually net positive.
@@NaomiBrockwellTV I was referring to the first part of the original comment. It is a taxable event and therefore up to the user to keep track of the price of whichever crypto they used at the time of sale , establish an accounting method, and pay taxes when it comes time. There may or may not an app that helps with this sort of thing, but I doubt that there's one that integrates with the all the various products/services showcased on the video. Could be wrong though.
How to live entirely on Monero 🙏🏻
Naomi, I sent you an email through nbtv. That email is legit. I recently recommended you be interviewed for a new docuseries getting filmed by the guys that did the series Money Revealed. If you don't want to do it that is fine. I just wanted you to know if you get contacted that it was in fact a legit media request.
Thanks for the heads up! Not sure I got the email but I'll take another look
@@NaomiBrockwellTV the email from me just said be on the lookout. Someone should reach next week from there side Im told.
they track youre payment from work anyway
I dream of Jeannie
Purse is gone ?
How about you make a video about how we can live without having you 😫
lolol
I can't use crypto currency, in daily life! I don't know any way to use it!
Did you watch the video? Which of those ways is unavailable?
And if you lose electricity or Internet, you're suddenly Broke!! Not sure about this?
That's not how it works :)
If you lose those things, you can't use your debit/credit card either. But you crypto is all backed up.
So, if you wan to use crypto, you have to only use businesses that use it, or convince businesses to use it, or use a work around service to essentially convert crypto to local currency...
Say what you will about the dollar here in the US, but it's taken everywhere, and doesn't require a lifestyle change to earn and spend it. It's interesting to see how someone can live on crypto, but even he isn't able to do it.
Cryto is useless to me until I can actually buy something with it. I might as well invest in something I can enjoy. Like a classic motorcycle.
Wait.... did you miss the video that you're commenting on?
@@NaomiBrockwellTV I live in a small town. Nobody is taking crypto for pizzas anytime soon.
Your local stores don’t need to accept it, use services like bitrefill, dashdirect, and purse.io 💛
Here if you promote crypto, you'd go to jail😂
Where's here? Are you running the risk with your YT handle?
The problem with crypto is that all of it is entirely dependent upon computers. One single well placed electromagnetic pulse, natural or artificial, will wipe it all out. Gold will always be gold no matter what.
Everything is dependent on computers. If they fail, everything will be chaos and previous assumptions about what had value won’t hold because we’ll have very different priorities.
No chance I’m buying anything in crypto, I’ll end up buying a $2.00 soda that will be worth $200 in a month. I’ll hold. Maybe stable coins but never BTC, ETH or any crypto that historically goes up in value.
So why are you holding any fiat at all then?
Crypto, going from a worthless form of money to a completely worthless form of money.
I don’t see anything worthless about the only form of payment that allows you to send money electronically with privacy