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Feature request. LN spend and replace. Any time I spend over LN, it auto buys that amount if there's cash available up to some limit.
Will be useful as Square rolls out. Imho
With the option to buy double the amount spent 🚀
Cc nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
🤌
Yesssss
If the cash is available to buy, why not just spend the cash by paying the lightning invoice with cash?
No cap gain event, you’re paying in bitcoin, but spending your cash.
you can spend your cash balance over Lightning today on Strike.
I prefer this over spend and replace because it avoids the capital gain taxable event and is the same thing as spend and replace.
what we do behind the scenes is take your fiat, convert it to bitcoin, and pay the lightning invoice.
what’s mind blowing is that when Square turns this on, a consumer and a merchant can even do USD <> USD settlement with bitcoin as the network, not Visa. cheaper, faster , cash final, etc.
That's kind of amazing.
strike already does this if you send bitcoin from the cash tab. no replacement necessary
Hmmmmmmmmm
You can connect with me now via simpleX chat with the invitation link below -
Just pay lightning invoice from your "cash" balance. I've been "burning" cash like this for the last two years.
Think you're not understanding, Strikes fiat to bitcoin transaction (over lightning) prevents cap gains. If you are spending and replacing each transaction will have a cap gain.
