4 million square merchants can now easily accept bitcoin.
bitcoin is the best money.
absolutely massive. π―
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pure signal
#siamstr
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What's the tax situation in US for spending BTC?
100% covered by capital gains taxes, an accounting nightmare. I'm not spending a single satoshi except for zaps on NOSTR.
Huge
This is a quiet and important moment.
Agreed. Yet capital g&l tracking are bigger deterrent on spending. Until that's resolved payment rails are literally a honeypots for the IRS.
This is huge!
I don't think the problem is retailers who are unwilling to accept Bitcoin. The problem is Bitcoiners who are unwilling to spend their satoshis! Even at a German retailer for Bitcoin miners, only 5% of customers pay with BTC! Most Bitcoiners ignore the fact that Bitcoin is supposed to be a cash system and misuse it as a store of value!
That's why you convert everything into Bitcoin so you have no choice but to spend it.
It's just about education.. at minimum, it is nearly seemless and free to buy Bitcoin and pay with it instead of fiat (thereby exercising the Bitcoin payment rails, while also not touching the stack. Also keeps it clean from a tax perspective until that gets changed too.
This is the way
Bad ass day. Few understand yet. β‘οΈ
Great news. We just need more people willing to pay with bitcoinβ¦
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This has massive potential to become a real trojan horse.
It's up to us -- the bitcoin freedom money hardcores -- to push for people on both sides of the PoS to use bitcoin.
It's a huge opportunity but also a huge task!
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i am always impressed with the US' culture of bitcoin contribution. inspiring! i hope to contribute as much as them too!!
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I'd be interested to see how many people choose to pay in BTC. Surely you'd be spending the fiat first.
People who are 100% in. If you have fiat to spend, then you have too much fiat
Thats a fucking milestone. I tell you that.
Stripe is fully KYC'd, Stripe will be reporting your bitcoin transactions to the government. This is not what bitcoin was supposed to be. This is not a win, it's a fail.
WORLD
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Who in their right mind would pay in the world's strongest currency? Please, this is a trap.
People who are 100% in. If you are too worried to spend bitcoin, the problem is you have too much fiat
If fiat is so bad why did you hold it? Exchange everything for sats and expend it wisely.
I want to be 100% in BTC, but I can't do that without the damn state taking 32% of my assets. You would need to do this Face to Face using paper money, no one in their right mind would do that in Brazil
They only take it if you treats it as iou fiat. When you use it as money they canβt do nothing about it.
Trabalha na adoção local.
These are the interesting inspiring stories that increase Bitcoin adoption. If you've ever run a retail store (I have) you know what it means not to have to pay hefty 1.5-3% credit card fees.
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I have friends that own a family farm that use Square as their Point of Sale system. I've been talking to them about Bitcoin for some time with typical reactions.
I showed them this feature and a new Bitcoin family was born!
Best Orange Pill machine I've ever seen.
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square better den btcpay!
LFG πͺπ½
