pull down to refresh
0 sats \ 1 reply \ @Catcher 28 May \ parent \ on: Square terminals to accept lightning bitcoin
'm definitely not an expert, but I’ve been wondering how this currently works when it comes to coupons, points, and similar systems that aren’t legal tender. For example, a friend of mine used to receive Sodexo coupons from his employer, but he didn’t use them himself. Instead, he sold them to me at 70% of their face value. So, I was essentially buying a €100 coupon for €70 and then using it to pay €100 at Aldi or at a restaurant.
As far as I understand, the restaurant was treating the coupon at face value, converting it 1:1 into euros. Now, compare that to Bitcoin: if I buy Bitcoin at €70,000 and then spend it as if it were worth €100,000, with the restaurant instantly converting it to fiat, it’s quite similar.
No one really cares where the coupon—or in this case, the Bitcoin—came from. They just accept it at face value. And unless I voluntarily declare it in my tax return, there’s basically no way to track it. And in most of Europe, doing a tax return isn’t mandatory.... And if they make in mandatory / cumbersome to use - most people just won't use it,
I wonder how it’s aligned with recent announcement that Spar accepts bitcoin now. Also this logic could also be used for any cash transaction, but it’s not. if I’m accepting cash, it’s not my responsibility to check if you have paid taxes on this cash or you just didn’t declare you cash earnings
There are nuances, depends on the country, holding period, total amount you sold, etc. I’ve talked to tax consultant recently and she told me it’s such a grey area, that for now it’s mostly ignored, unless you are transacting in hundreds of thousands.
Not really:) also googled a bit and it’s most likely was a general cause that ment any infection in the mouth.
They didn’t die of biting, as there is 1 death for that - bit with a mad dog. I think teeth / gum inflammation is the cause.
I think if all the paying terminals will accept bitcoin and google pay / apple pay will integrate the lightning wallet option
So simply top up your sats balance and then use it as you use apple pay / google pay wallet
In this case there will be no UI change for normies and they will just use bitcoin as money
P.s If by adoption you meant usage, in your example the no capital gains thing will catapult the bitcoin price in fiat, but not the actual usage adoption
My son is currently going through a dinosaur phase, but he’s still too young to remember all the names — so we might revisit this interest later. (My friend’s son actually went through the dino phase twice!)
My daughter is more into school (or rather, cool) stuff these days. Gen Alpha seems really into fidget toys right now — squishies, plushies, keychains, and so on. =)