Paying with lightning is so cool and like 99% of the world doesn’t know it lol
Overly complicated proposals for fiat and crypto payment bullshit, when there are so many great lightning products that just work.
Discussion
Yep, bought some eggs and some lamb from a friend yesterday. It took less than 30 seconds using money that has never touched a bank or an exchange.
Yes, but, if you pay with Bitcoin, it is a tax event.
I know many people here have a sentiment that taxation if theft, don't pay, use non KYC only, etc.
I appreciate it. I share it, to an extent.
But, I don't want to need to "hide".
I don't want the stress that years from now they may catch me for not paying capital gains tax on some small transaction where I paid with Bitcoin, which technically means I sold Bitcoin and was supposed to report it and pay tax.
I don't want that.
One option is to use an app like Strike and pay in Bitcoin, via lighting, using the cash balance in Strike, i.e. USD, etc.
This technically means that you buy Bitcoin for dollars and immediately send this Bitcoin to someone. So there is no capital gain.
At least my understanding, that is. Could be wrong.