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Strike introduced the ability to pay bills using your bitcoin balance.
This is amazing. I was incredibly excited about it until I looked at how it works. Strike converts your bitcoin, gives it to your account, then uses those dollars to pay your bill. This causes a taxable event. I would have much more preferred Strike to exchange my bitcoin for a service of paying a bill for me. I understand that they would have to report the received bitcoin as income, but then they would have an expense that matches that income so it would be a wash for them.
This causes a taxable event
And who is the idiot declaring that event?
IRS is a scam anyways.
Here is full video with this ex-IRS agent explaining the whole scam he discovered
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