The tax is on the gain, so unless the tax rate is 100% you will come ahead if there was a gain. But yeah taxable events are a major hurdle preventing ppl from spending bitcoin. Strike lets you pay LN invoices with your fiat balance, which I think is a win win. You don’t have a taxable event and the merchant is able to receive sats directly for goods and services

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Big fan of the strike workaround and I use it where I can 😁