Nostr Web Client

Senator Lummis’ new bill enables U.S. citizens to spend #bitcoin without incurring capital gains taxes - which is very cool.

The only problem is that the spending thresholds are too low.

Why is it even denominated in dollars? It ought to be in BTC for inflation proofing.

That being said, I am grateful for any babystep in the right direction.

Please Login to reply.

The legislation would apply to all digital assets, not just bitcoin, so just providing a bitcoin denomination doesn’t work.

Oh, makes sense. I keep forgetting that there are other digital "assets".

And she, along the way, forgot that bitcoin is the only real thing.