kubernetes on Nostr: Strike has this design so all interactions with Bitcoin are possible with the ...
Strike has this design so all interactions with Bitcoin are possible with the denomination being isolated as USD. It's a clever trick to let users receive Bitcoin without a taxable event, since you don't receive the Bitcoin, Strike does. They then credit you in USD. The Bitcoin tab is actually a whole separate account from an accounting perspective.
Published at
2023-02-26 22:49:03Event JSON
{
"id": "78f6019b755624ee3abe3d87fc00adf7637b2df09982459cb225ef9f020b5c4f",
"pubkey": "339e87a4ad5b32a7fa88c6a56a65a53bcfbea8595a86b5d87201a39b0408c29c",
"created_at": 1677451743,
"kind": 1,
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"content": "Strike has this design so all interactions with Bitcoin are possible with the denomination being isolated as USD. It's a clever trick to let users receive Bitcoin without a taxable event, since you don't receive the Bitcoin, Strike does. They then credit you in USD. The Bitcoin tab is actually a whole separate account from an accounting perspective.",
"sig": "33df55708ddf84792824545206d60a6301608afec580eb532495fd61148e7c4b51022da5928923f21a1c1a2016c6ec872126ad069211d6984e6d988aa5f4920c"
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