0 sats \ 6 replies \ @guyfawkes 2 Oct 2022 \ parent \ on: Single Page App for Merchant Lightning Payments bitcoin
Are you referring to the conversion of bitcoin into fiat and deposited into a bank account, or simply the fiat value of the bitcoin at the time of the transaction but the bitcoin is still held?
Immediate conversion to fiat, with ability to transfer the balance to a bank account.
OpenNode do this for a 1% conversion fee.
Of course I hope the merchant will choose to hold BTC, if not immediately, then eventually..
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Immediate conversion to fiat,
The most idiotic thing ever. That means you want a forever slavery of fiat debt.
Why do you bother anymore to use BTC? Just take the shitcoin fiat and be a slave forever.
Damn it, people still don't get it why we are in this... not to get rich or have another paypal, but to FUCK THE BANKS AND GET RID OF ALL FUCKING GOVS!
Bitcoin will change the whole world, not just financially but in all aspects. Don't try to "!integrate" Bitcoin into existing system, change the entire system to adapt to Bitcoin way.
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In America at least, starting in 2022 the IRS requires third party payment processors to submit a tax form on their customers. Strike and cash app and stripe included.
But it only works for the IRS with businesses that convert their payments to dirty surveillance fiat. Businesses need to be aware of this especially ones that are accustomed to cash.
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IRS is a joke and people still believe in it.
http://www.losthorizons.com/BulletinBoard.htm
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If a business accepts lightning and then subjects itself to IRS surveillance and extortion, who cares because that business is giving its customers the option to avoid all that.
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+100 :-)
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