De Minimis or it'll never catch on.
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Cashu Anon.
Not even the government thinks you should be reporting these lightning transactions
What? Of course they do. It's like question 2 on the 1040. There's no minimum, no exemption. Cup of coffee or buy a house,. doesn't matter.
Not the point. Of course it can be done anonymously. The point is it's never going to catch on until people aren't *legally required* to calculate capital gains on every cup of coffee they purchase, which is the case now.
Don't need de minimis when spending dollars on @strike or @Cash App to a btc QR/address because they convert to BTC for you.
✅ No taxable event
✅spend the exchange's btc
✅don't touch your btc savings
✅Merchant receives btc (or their system auto exchanges to fiat)
It's LARPing, but it works seamlessly. Harnessing the LN rails, while getting more people to experience the superior network
So I'm using Fiat, to convert to BTC, then convert back to Fiat for the merchant?
Ralph Wiggum: "I'm A Bitcoiner!"
I think you missed the part where Cashapp keeps the spread.
If you are paying in bitcoin without at least a 5% discount over cash price you're just raping yourself.