Jack

The experiment is LIVE 🚀 Living 100% on #Bitcoin via @CashApp, @Bitkey, and @Square - documenting friction, wins, and gaps in the circular economy along the way Pure signal - no sponsors nor tips accepted

I set up an AI automation a few weeks ago to automatically notify me if my Cash App balance goes below a certain threshold (original post below) To be honest, I forgot I still had it set up, but Cash App doesn’t have notifications for this so glad I did 🥳

More on how I personally came to the realization of what bitcoin is solving here:

Many around the world are facing rising prices from inflation, financial inaccessibility, and government corruption Bitcoin helps with this, but it’s still not clear to everyone Accessible education is key - thanks @BitcoinatBlock

For more context, here’s my previous post on Cash App bitcoin bonuses:

Hoping they add coverage for @Bitkey funds too one day - sounds like the team is looking into it🤞

First Cash App bitcoin bonus is in! The amount isn’t anything to write home about (most of my funds are in Bitkey for security) BUT love the feature and excited to see where this goes 🚀

If anyone knows how to qualify, please let me know Resorted to Chase bank in this case as fallback 😞 But would love to use Cash App whenever I receive my next check!

The criteria they state for getting access is unclear I can’t expand the “…” on the “steps to get access” to see the full copy, so it’s possible there’s something there I’m missing

At the same time, I’m not asking for instant, unlimited access on day one I’d take a low limit / long hold while they assess my account (like how a banks assess credit card customers) Although, I also feel like I’ve built solid account history these past few months

Makes sense why it isn’t auto-enabled from the start Check deposits are easy to abuse (fake checks, double deposits, cash-and-drain) If the check bounces after you spend it, Cash App eats the loss

I don’t deposit checks often, but just got a check in the mail While Living on Block, I’d planned to deposit it via Cash App But the feature isn’t enabled by default And I still don’t have access even after using Cash App / direct deposits for months

Just tried using @CashApp mobile check deposits But I’m not eligible 🤔 Quick thread with more details 🧵

All in all, this is awesome - super excited to see how this drives users to use @BitcoinatBlock Will let y’all know how my first bonus goes next week! 🥳

- it’s not clear whether this’ll count @Bitkey funds - feels like it should to help incentivize cold storage, otherwise users are incentivized not to secure funds via cold storage

Gaps: - after enabling from the popup, I got another popup to enable - thought it’d take me to the bonus details view but instead it took me to an error page

Some feedback on UX: Pros: - like their call out in the UX that they never lend - glad the app notified me (an email may be valuable too for those with no app notifications enabled) - feature messaging was clear and I love the idea to incentivize bitcoin!

There are bonus tiers: 2% for the first $100, and they reduce from there

You can also access the feature via the Bitcoin view in Cash App

When I clicked the notification, it took me to a screen to turn this on for my account (enabled it instantly haha)