At what point do you finally use Sats as money?
Discussion
When you buy soap for sats
Removal of capital gains tax, or implementation of "de minimus" limit. We shouldn't have to do capital gains calculations on a $5 cup of coffee.
Taxation is theft
If you pay in satoshis, why would there be capital gains tax? 🤔 How does a transaction paid in satoshis trigger a tax event for a product or service whose price is displayed in a fiat currency and/or satoshis?
Since people are dumb enough to go along with calling trading Bitcoin "buying and selling" like it's not a currency, the IRS can easily tell people are too dumb to fight back against just saying "you sold your Bitcoin so you owe us money" when you spend it
Because the IRS considers it property rather than currency. Been that way for the better part of the past decade. It's a stupid rule, and AFAIK Sen. Lummis and others are trying to change it, but the "dumb law of the land" stands.
We are doing it now. Little by little.
When a product comes along that i cant buy for usd! But if i have the option i always use sats
You have USD? 👀
Do you have stores on plebian market or shopster?
Best to go to soapminer.com
I only accept Sats.
Your site is denominated in dollars though.
You pay in sats
Nice. Wouldn't changing the pricing to sats be making the switch to SATs as money. What keeps you from doing that?
When we finally habe something that takes says here. The only thing that changed since the wave was now banks can deposit btc. But we still don't have anything you can use with sats other then that.
I bought soap with sats the other day.
Everyone who buys soap from you uses btc as money. I use it as money over a store of value when I have an opportunity to improve my life that’s not possible with cuck bucks.
on nostr.land sats are the only money
Did*
Now
In BTC Standard. 1 sat= 1 sat in this point I use them
Fren I'd say when all items are priced in sats at shops