If I accept BTC as payment for goods and services, and I spend that BTC on goods and services, it makes absolutely no sense to claim there is a taxable event. If not for fiat, there is no way to measure supposed gains or losses. If I sell a bushel of apples for 60,000 sats and a week later I purchase ten pounds of green coffee beans for 60,000 sats have my sats gained or lost purchasing power? When the government inflates away the purchasing power of my fiat dollars do I get to claim this as a loss? Do I have to pay capital gains on fuel purchases when gas prices go down? This system is broken and absurd. Why should I feel any obligation to jump through these hoops? #asknostr #bitcoinbusiness #bitcoinstandard #smallbusiness #accounting

#asknostr View quoted note →

I’m looking for accounts to follow that are sharing their experience running regular businesses on a Bitcoin standard. Landscapers, painters, restaurants, dentists, etc. Please advise

True, don’t make your users do shit work Also true, we’re early View quoted note →

First slap! @bitcoin.rocks @greeny

Got a neat gift from an old friend tonight

GM Nostr! Every day feels like the government is trying to put me out of business That’s weird because I am not hostile to the government with my operations

Where will they spend their sats if merchants do not accept them? When merchants demand sats and refuse political currency, the only way a consumer can get the goods and services they want is to pay with sats. The consumer must acquire sats or spend from their stack. As long as people have political currency and sats they will hodl their sats and spend their political currency before it loses more value. When Washington was at Valley Forge, the army was starving because they had worthless political currency and local merchants only accepted hard money, in this case, British or Spanish coin. The coin was mostly Spanish, as Britain tried to keep their coin on their own shores as much as possible, depriving the colonies the ability to build and store wealth. Merchants will drive adoption.

Museums & Collections (U.S. National Park Service)

Museums & Collections

View quoted note →