B.O.P on Nostr: Bitcoiners that self custody are already unstoppable. Let’s start acting like it ...

Bitcoiners that self custody are already unstoppable. Let’s start acting like it and not be afraid of our government for spending our money

quoting note1ea0…an4d

Not a CPA but maybe this helps

1. I’d like to see the IRS come at me for not reporting <$100 in sats over a multi year period in hundreds of sub penny small transactions to hundreds of people.
2. There’s been no guidelines on subpenny transactions, especially p2p lightning transactions where 1099 isn’t provided.
3. The IRS creating its own Crypto rules without congress approval will quickly get their shit kicked in when any enforceable action is taken. Money and property are different. Money buys property, typically unless in a barter system property cannot buy other property. I can buy a beer with bitcoin I can’t buy a beer with a fraction of a house share.
4. Bitcoin is money and speech. When I send a subpenny transaction adding a note to the transaction also is speech. Limiting free trade and speech is unconstitutional and should be ignored