Both, if the 10k sats happen to be worth $10k.
Discussion
Psst
*the dollar has no value
Psst
*Then why can you still buy Bitcoin with it?
It clearly does have some value if a state funded by it has the power to make such laws. For now.
Value can be irrational.
Value can be irrational. That's a great point.
I'll playfully counter by saying, people still fuck dead bodies even though they're dead. People use the dollar even though it's dead.
Lol true, but I'd again counter that pleasure can be irrational. I agree with you, I just think that value often exists outside of rationality and reality (in the sense that people may not realize it yet). So in that sense, USD still does have value, even if the value is based on ignorance, theft, and violence. To us, it has no value. I'd love totally on Bitcoin if it were feasible for me right now. Alas, I get closer every year because I'm choosing to.
You're totally right. Love it.
Do you use bitrefill? Idk about a place accepting bitcoin for rent/mortgage, but bitrefill can cover a lot of other stuff
I've seen it, but the biggest issue I'm working to solve is the tax implications in the US. The whole FIFO thing and keeping track has been tough. Looking for software to address the issue. Also the problem (a good one to have) of having a lot of extra fiat from my job. Beyond ideology, it makes little sense to not just use it first and then put the extra into Bitcoin. Fees are high at that.
I don't think it's a taxable event buddy because you're not selling your bitcoin. You're buying a gift card with your bitcoin.
I think the only event that isn't taxable on my end is donations. Essentially, any event in which I don't receive value in return for the Bitcoin.
I'd abolish the IRS if I had my way, and maybe Bitcoin will help achieved that some day. For now, I have to pay the racket.
By threat of violence. It's terrorism.
Nvm, it is taxed 😢
Fml