Thoughts on using nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 more in day-to-day use in the States.
I’d love to spend (+ replace) Bitcoin wherever possible. Not just to facilitate adoption, but also to reduce the “normalized invasion of privacy” over fiat networks. This can be achieved using prepaid debit cards, purchased with Bitcoin from a service like Strike.
However, in USA, every single sell/spent UTXO is a taxable event, which includes (to my knowledge) small spends.
How can we utilize Bitcoin conveniently, without needing to deal with the minutiae of what amounts to a “buy + immediate sell” order, from a tax perspective?
My understanding is you have to report every sell order, even if there are no capital gains… right? How do Bitcoin businesses do it? How to stay within legal parameters and not end up with a migraine?
nostr:nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle any thoughts you have re: how to make the strike user’s experience more “tax convenient” would be appreciated 🙏🤙
Use strike and from the home screen select option to “send cash” to a lightning wallet or on chain address.
The 🌽 never enters your possession and is sent directly to the second party at the USD value you select.
IRS cries harder. 🤙
Then again, see below. 
This is amazing and banks are literally fucked. Thanks fren 🫂🫡
