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0 sats \ 3 replies \ @cointastical 11 Feb \ parent \ on: CashApp says they won't charge fees on Bitcoin buys and withdrawals bitcoin

No, bitcoin going up (or down) does not change the balance of your USD account on CashApp.

You have a USD balance, and a BTC balance. Just like with most any other exchange.

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21 sats \ 2 replies \ @028559d218 11 Feb

Then you're not spending Bitcoin then... you're spending Dollars. So what's the point?

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0 sats \ 1 reply \ @cointastical 12 Feb

If I have an LN Invoice to pay, I'ld rather pay with my USD balance if I could -- not a taxable event, no cost basis tracking. That's the point.

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0 sats \ 0 replies \ @028559d218 12 Feb

This whole thing is ridiculous.

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