This is awesome! But like others, I have a lot of question, and need to make a lot of assumptions about your personal life. Do you do you own taxes? What businesses are accepting #bitcoin that to you consume at on a regular basis? Do you pay your rent/mortgage with sats? I could go on. The US is unfriendly to bitcoin payments without a lot of work. Most of us work jobs that suck up a lot of our energy and stacking makes more sense right now due to the hurdles. I don’t have a single business I shop at that accepts our favorite coin and the additional work needed to find trustworthy places to give my sats up for is too much effort right now. I’d rather stack for the future, and use my sats when I either, move to a country without cap gains, or the US pulls its head out of its ass (unlikely). @strike is a great app that I use, but to truly build a fully bitcoin economy we need ease of use, that hasn’t arrived yet. Depending on the answers to my questions and others, your life may have more convenience than a lot of people. Mad respect from me for committing and thank you for being one of the pioneers a lot of want to be, but not everyone can right now, myself included. With all that said, the future looks bright.
What are the hurdles in the US for living the Bitcoin standard? Taxes?
Tax reporting is huge, for individuals and businesses. As I mentioned, I don’t have any businesses I frequent that would even consider accepting #bitcoin as much as I wish they would. In the past year, I saw ONE business at a farmer’s market with a sign that said they accepted #bitcoin It’s possible the area I live in just doesn’t care, which is odd given the amount of tech and innovative companies, you think there would be more forward thinking people 🤷♂️