End to end initial process:
- Buy bitcoin on exchange (ideally P2P like Bisq, record the purchase price in fiat).
- Send bitcoin to cold storage.
- Send small amount from cold storage to Muun (or other lightning enabled wallet).
- Buy gift cards on Bitrefill and pay with lightning.
- Keep track of value purchased.
- Calculate and pay capital gains tax (or harvest losses, if any).
- Use gift cards.
- Give middle fingers to legacy banking system.
Repeat process:
Steps 4 through 8. Mostly 8.
I will be doing this for all purchases from now on. Huge list of vendors. AMAZINGLY EASY, CHEAP, AND FAST.
And no, I don't work for any of the companies listed above.
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