Damus
beejay profile picture
beejay
@beejay
Merchants accepting Bitcoin via point-of-sale systems tied to central banks and the State (Stripe, Square, PayPal, Cashapp) may be offering you a convenience, but they're still creating taxable events for themselves because BTC is a taxable property, according to the Alphabet Bois.

Mixing sovereign money with the state is not ideal. In fact, they're gonna have a bad time.

P2P transactions circulating back into the BTC economy is where it's at. Buy from your P2P merchants!

https://takemysats.com/
5
beejay · 2d
Bottom line, you're not really "supporting" them if they/you want them to be free and untethered from the State. It's just making it worse (and putting a spotlight on them, as well).
n01 · 2d
Why is it even necessary when we have lighting with Invoices. Seems easy enough.
Hazey · 2d
These KYC apps are foot in the door tech to get normie businesses to use it. It's a bold strategy, doing deals with the devil