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51 sats \ 1 reply \ @LowK3y19 6 Dec
That’s a cool way to keep all your money as bitcoin and not worry about needing more fiat
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42 sats \ 0 replies \ @DarthCoin 6 Dec
Nice try shitcoiner...
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10 sats \ 0 replies \ @TheWildHustle 6 Dec
Hell yeah!
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5 sats \ 0 replies \ @a40ecaacec 6 Dec
I wish this were possible in the EU. Unfortunately, direct bank app connections are not an option for us. After years of trying to push for new PSD2 regulations that would prompt banks to open up their APIs, they still show little interest.
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0 sats \ 8 replies \ @Undergotten 6 Dec
"paying bills with Bitcoin is a taxable event"
hmmm
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0 sats \ 7 replies \ @j7hB75 OP 6 Dec
Curious, what’s your concern?
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5 sats \ 6 replies \ @stack_harder 6 Dec
paying tax lol
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0 sats \ 5 replies \ @Undergotten 6 Dec
Paying capitals gains tax instead of sales tax, to be specific. Big difference.
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0 sats \ 4 replies \ @stack_harder 6 Dec
the next rip will be when cap gains are abolished when it's being used to buy goods and services. might happen under Trump, who knows
having to constantly incur cap gains for the sake of paying bills is retaded imo
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11 sats \ 2 replies \ @j7hB75 OP 6 Dec
Yeah, I can see your point that paying capital gains tax for paying bills as being counter-intuitive. However, the idea behind using Strike to pay bills is to ideally have all or most of your paycheck deposited into Strike and converted to Bitcoin. That way you're not stuck holding fiat in a bank that is losing purchasing power over time. Instead you're holding Bitcoin and the remainder after bills is used for saving, stacking, moving to cold storage, etc.
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10 sats \ 1 reply \ @Undergotten 6 Dec
Oh, I get it. I'm a Strike user, I like Jack Mallers and think he's genuine. I just think it's important on a forum like this to be thorough. A good debate makes us all a little smarter, too.
I'm fundamentally opposed to income taxes, for instance, but I have no problems with a lot of other taxes we pay. Capital gains, however, is not one of them. I assume all the risk, I get all the reward.
For things like taxes, 100% transparency on how the money is spent is what is needed, and we need to stop agreeing to anything less as a society.
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10 sats \ 0 replies \ @stack_harder 6 Dec
it's a cool idea and once they change the law on cap gains on purchases, it will be amazing for adoption.
i also think Jack is genuine and he's building the best stuff in can in the regulation framework
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0 sats \ 0 replies \ @Undergotten 6 Dec
That's what I'm saying
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