bridge_alt

Member
7
Posts
66
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Aug 1, 2023
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Recent posts
  • I wish we knew which node type has the lowest fees ACINQ vs Electrum trampoline vs trampoline hodlistreco. It seems like nobody has a clear answer. Electrum doesn't show fees upfront, so I'm kinda lost on how to find it…

  • What do you mean "not possible"? I already paid that amount! It was on Electrum trampoline, not just random fees. This was specifically for a lightning payment.

  • People think Lightning Network has no fees, but that's just not true. There are fees, and they can add up. Like, I did a transaction for 0.027BTC and paid 0.000164BTC in fees, almost what on-chain costs. Is there a way…

  • My question is strictly about paying directly with crypto, not converting it to fiat. So this is a taxable event for Uncle Sam, even if I’m not converting crypto to cash?

  • Alright, say I buy a laptop from Newegg with Bitcoin. Will I get a 1099-K like I would from an exchange, or do I just put it on the 8949 form myself?

  • So I’m just sending Bitcoin to pay for a product, right? The merchant uses Bitpay to handle it, so the USD conversion happens on their end?

  • If I buy something from a store that accepts Bitcoin, is that a taxable event? Like, should I be reporting that to the IRS?