So I'm using Fiat, to convert to BTC, then convert back to Fiat for the merchant?
Ralph Wiggum: "I'm A Bitcoiner!"
LN is the payment infrastructure; the mediator between off/onramps to fiat.
Some merchants keep it as btc, and some don't. That's their choice.
Forcing btc maxi ideologies onto merchants will get nowhere and slow adoption.
I know that I don't want to deal with Cost Basis tracking, and I want to burn my fiat, so I'm fine with the tradeoff. Call me cucked, but transacting with btc in the US is a mess—if you choose to abide by tax laws—so the option I proposed is the best middle ground I've come across so far.
I'm not waiting for US tax law (or chasing the de minimis 'steak waving in my face') to catch up to the fact that btc is money. This method gets merchants interested, and some holding btc now, and that alone is worth it
Some merchants keep it as btc, and some don't. That's their choice.
Forcing btc maxi ideologies onto merchants will get nowhere and slow adoption.
I know that I don't want to deal with Cost Basis tracking, and I want to burn my fiat, so I'm fine with the tradeoff. Call me cucked, but transacting with btc in the US is a mess—if you choose to abide by tax laws—so the option I proposed is the best middle ground I've come across so far.
I'm not waiting for US tax law (or chasing the de minimis 'steak waving in my face') to catch up to the fact that btc is money. This method gets merchants interested, and some holding btc now, and that alone is worth it