No Cap Gain on daily purchases. Got a bill going through my state legislator currently that would do just that! Even emailed my representative. So I guess we need to support the Satoshi Action Fund and get this moving in all 50 states.

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why cant you live on a credit card and just pay off everything once a month from your sats, so only 12 cap gains events all year

also using credit cards are great because you get to spend fiat without needing to own it

it's like a retail fiat short trade for the every day person

I understand it might not be a wise monetary decision, but I don't care. I came to bitcoin to see the banks die, I will work as hard as possible and spend every Satoshi I have to see this happen. The time to fight the banks is now: death to fiat, death to the Fed.

the hilarious thing is I think it is a wise monetary decision. that's the funny thing

I day dream about a GameStop type of movement where everyone is like fuck this system lets all live on sats and bankrupt the banks until they stop debasing us. however, even if nobody follows me, I still win because bitcoin is hard money whether people want to admit it or not. my life still gets 50%-100% cheaper every year

LFG!

Money is worthless if you don't have a functioning society to spend it in. Fiat incentives governments to pursue a broken windows economy (everytime they break something they get to print $ to "fix" it). A sound money will incentive governments to operate on tax receipts, they will want things to be efficient and productive or they will not get paid tax. Sound money will realign governments from being predators on its citizens to hopefully facilitators of our success. Bitcoin is our hope, the other way will lead to war, debt slavery, and death.

I agree holding the maximum amount of Bitcoin for the longest possible amount of time has to be a good strategy long term. Volatility be damned!

If I could pay monthly credit card dues directly from strike, I would be much closer fuck-da-man

Why would you voluntarily pay more money to the government when you can just buy bitcoin with the remaining fiat you don’t spend each month. You end up with more bitcoin this way because you don’t have to make the “13th sale” to pay the tax when it comes due. I get that it’s supposed to be a revolutionary type thing but doing it under current law requires paying more money to the government that’s guilty of printing fiat.

There can be a range of solutions for different use cases. If you want the ability to use your Bitcoin savings to pay for shit which is priced in fiat, this type of managed “monthly reconciliation” service can greatly reduce your cap gains events

🔥

what about things that wont let you pay with a cc? I have a gym membership and only can pay with my routing and account number. What do you do there?

right now it's hacky, but if Strike built Bill Pay I think we'd have everything covered

I bought a bunch of random stuff (eth, doge, btc) a couple of years ago and just found it on BitPay, attempted to pay a CC with it, and it cleared today. Thought that was cool. I would be interested in learning more about Strike and how to do this on there!