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368 sats \ 7 replies \ @BlokchainB 13 Oct 2023 \ on: Stacker News Roundtable #2 - LSPs bitcoin
How much has regulation especially around taxes has hurt adoption? I know synonym avoids us customers due to the regulations. Would a bill like the first 2.25M sats ($600)spent via BTC see merchant adoption explode?
I don't think laws are the reason people are not transacting with Bitcoin more. It's hard money that's expected (by those who hold it) to appreciate in the future.
Merchant adoption will come when Merchants actually demand Bitcoin, either by giving discounts for those paying in bitcoin, or not accepting fiat. Bitcoin and Lightning UX is only a part of this. The greater factor (IMO) is Gresham's Law and the use cases that only bitcoin can serve and fiat cannot.
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Taxes are a big headache especially for merchants trying to adopt Bitcoin. It's one thing to install an app to charge customers. It's another thing to register the earned Bitcoin in your cash register and later in your accounting program.
Would a bill like the first 2.25M sats ($600)spent via BTC see merchant adoption explode?
Not sure I understand but relieving merchants of bitcoin accounting would definitely help.
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Bitcoin is cash. Nothing to register more.
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Hope you're paying taxes on those 1 sat zaps 👀👀👀👀👀
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Taxes are only for shitizens slaves.
I am a sovereign individual not a shitizen.
Only a fiat maxi will even think of paying taxes for his sats... are you one?
Hope you're paying taxes
why do you "hope" for me to pay any taxes? Are you a gov agent?
Fucking statists...
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Baahah I see you have lost your ability to detect ironic questions out in the citadel construction yard. There there it's OK.
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Deleted after being seen
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