reply on: Q/ Onboarding local businesses - how should they record BTC payments? \ stacker news ~bitcoin

155 sats \ 4 replies \ @DarthCoin 4 Mar freebie \ on: Q/ Onboarding local businesses - how should they record BTC payments? bitcoin

Bitcoin is CASH in accounting. Is simply money. No more no less.

Also being a low volume, all these sales in BTC could be just savings plan. I mean do not sell it back to fiat. NEVER. Later when the merchant accumulate a good quantity, could start paying the employees or suppliers in BTC too.

Please stop this bullshit madness with "bitcoin taxes". There's n o such thing.

21 sats \ 3 replies \ @SatsCats OP 4 Mar

Thanks. I've had similar conversations about not returning to fiat but noticed it scares some small businesses and becomes a roadblock.

I like what you said:

Later when the merchant accumulate a good quantity, could start paying the employees or suppliers in BTC too.

I've started to provide a spreadsheet example of how their BTC buying power will increase, which helps to illustrate how they can create a circular economy.

61 sats \ 2 replies \ @DarthCoin 4 Mar

Darth memes never fail...

https://i.postimg.cc/bw6G5G5V/darth-advice-apprentice.jpg

0 sats \ 1 reply \ @SatsCats OP 4 Mar

I think this is half my issue. I'm trying to help the dumb ones, and it's tiresome.

42 sats \ 0 replies \ @DarthCoin 4 Mar

As I said, the dumb ones DO NOT DESERVE bitcoin. Fuck them. More sats for you.