Would be better if you could pay businesses and other people in USD instantly from your Bitcoin balance. Wider acceptance and more people holding Bitcoin balances. People would be incentivized to hold Bitcoin for the potential earnings.
Discussion
The buy fiat button is already super easy. The advantage of spending fiat is that it helps businesses stack sats from Bitcoiners who take Saylor's oath, "I solemnly swear I will never spend a single sat."
That way fiat spending maxis can spend fiat, but the business can still stack sats.
It also allows people to pay bitcoin transactions without having to account for bitcoin in their taxes.
That's true. My taxes are a pain in the ass, but I just want as little fiat as possible.
💯🤣 One of the most common excuses I’ve seen people give for not paying with bitcoin is that it would create a tax nightmare for them. This helps breaks down those barriers for those individuals.
I've heard it too. It's annoying. Some months I get lucky and don't need to pay any taxes. There's a silver lining to every cloud after all.😏