chriso on Nostr: No I understand what you’re saying. I guess I’m approaching it from the idea that ...

No I understand what you’re saying. I guess I’m approaching it from the idea that it’s more than likely a novelty in the beginning, you won’t have a lot of sales, and the inventory costs would be covered by the gross profit of the other items. This would allow the store owner the ability to “bank” the sats for future use therefore converting cash to the “harder” asset of sats.

It certainly easier for a service business to get to a bitcoin standard since most service business revenue is “self generated “ and therefore has very little cost.

But the idea still stands, the collection of bitcoin for a good or service would generate ordinary income , creates a basis for a future sale, and the future sale would generate a capital gains tax or benefit based on the holding period.