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Square's advocacy website for a de minimis exemptionbtcismoney.xyz/
2305 sats \ 9 comments \ @Scoresby 18 Nov bitcoin
In addition to rolling out bitcoin acceptance to Square terminals, CashApp allowing users to send bitcoin from dollar balances, and the incorporating a btc map of merchants into CashApp, Block is also hosting a coffee and donut food truck in Washington, DC, to raise awareness about the stupid way that US tax code treats bitcoin.
As part of this effort they've also launched this website: btcismoney.xyz
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137 sats \ 2 replies \ @DarthCoin 18 Nov
LOL again this bullshit with "email your representative" ? You just use Bitcoin and don't give a shit about the rest. That's it. Or they really want to make Bitcoin permissioned from permissionless?
The statism is really strong with these guys.
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260 sats \ 1 reply \ @Scoresby OP 18 Nov
While I agree with you, I'm not gonna complain if Block uses their warchest of money to convince politicians to feel more kindly toward bitcoin.
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107 sats \ 0 replies \ @DarthCoin 18 Nov
No, this is a total mistake.
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106 sats \ 0 replies \ @BlokchainB 22h
Thanks!! For this! Hate it or love it gotta get involved in politics. Attack on all fronts
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1123 sats \ 2 replies \ @SimpleStacker 18 Nov
Even $600 is too low! We should be able to buy a territory without paying capital gains tax. Also, the de minimis exemption should be denominated in satoshis.
De minimis exemption for transactions up to 3,000,000 satoshis, please.
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0 sats \ 0 replies \ @ken 22h
Even $600 is too low! We should be able to buy a territory without paying capital gains tax. Also, the de minimis exemption should be denominated in satoshis.
Agreed. If they set it too low, many people will simply refuse to report.
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0 sats \ 0 replies \ @DarthCoin 18 Nov
vote harder, maybe next time they will listen to your petitions...
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420 sats \ 0 replies \ @d01abcb3eb 15h
Setting limits in a fiat number is just another political scam. Either it should tied to the consumer price index or be set in sats. Everything else is just deception and vote farming.
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0 sats \ 0 replies \ @ChickenLady 21h
Thanks!
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