Switched from Swan to nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakquw0j5p for stacking my sats and super happy with that decision. Lower and transparent costs and awesome lightning integration. I finally see the value of LN that I struggled with starting on Phoenix. Good job nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqefeymh and team!
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Replies (6)
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Next step, run a Knots node and self host Nostr. πͺπ½
Spending out of the cash balance to LN addresses on nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakquw0j5p is the powerful tool and differentiator IMO. Minimal to zero tax implication and able to spend #bitoin, win-win. π»
Havenβt kept any cash balance on strike yet. I feel like if I have money there it should be sats not $. Pile up sats with recurring buys, transfer to cold storage once the stack is tall enough
Absolutely, but tax gains is a burden. Instant deposit from bank and spend SATs out of cash balance is a win all around. Spend bitcoin, encourage vendors to continue accepting it and mitigate cap gain tax while spending bitcoin.
Otherwise you need KYC-free SATs to spend without a tax burden which you can't do with Strike.
If you're just holding, this tool isn't for you.
Good point. Thanks!