Amethyst client sending zaps with Strike now works perfectly. The zap note is publicly visible and everything. I like how for the sender it deducts from USD balance hence there is no annoying capitap sale tax event to keep track of.
I'd love it if CashApp worked similarly but there buying and sending sats are two separate events meaning you technically bought and sold BTC? If so this is something CashApp could also improve.
ridiculous, I didn't sell any BTC, I spent it, with its value remaining as btc. tax man living in the past, if they want to come after me for zappin' sats, let them. you don't pay taxes when you drop your pennies in a busker bucket, the busker pays the taxes on their income. that's the way it will be, if you making your salary in sats, pay your taxes, but paying cap gains on my sats cuz I zapped someone for providing value, nah.
Malicious Compliance: Report one million zaps as individual capital sale line items on a paper tax return because you don't trust e-file.
The zap-from-USD-to-LN payment flow is pretty good for Bitcoin because each of those zaps is a purchase on the spot BTC market.
Is there a minimum?
Strike charges me 1 cent for 25 cents worth of sats. I didn't try smaller. They might seem like a steep fee but you pay for convenience, it doesn't spam the chain, and the social value is much higher than this penny.
This is the way
Hyperbitcoinization, one zap at a time
Cc #[2] you need this
