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Not quite true. This pub's changed hands now but it was possible to pay in bitcoin for several years. https://www.wired.com/story/london-bitcoin-pub/ https://w
by jbl0ndie 9mo ago
Not quite true. This pub's changed hands now but it was possible to pay in bitcoin for several years.
https://www.wired.com/story/london-bitcoin-pub/ https://www.wired.com/story/london-bitcoin-pub/
- benregenspan 9mo agoFor anyone who takes doing their taxes seriously, this is a nightmare. Every pint ordered involves a capital gain (or loss) for the buyer. At a certain point you're doing enough accounting that you might as well be running the bar yourself (or just paying in cash)!
- leipert 9mo agoDepends. If you hold crypto for more than a year in Germany, gains are tax free.
- adw 8mo agoInside scoop: the pub group who owned that pub (still going, owns four in Cambridge and environs) was cofounded by Steve Early, a Cambridge computer scientist who wrote his own POS software, so it was very much a case of "yeah, that sounds like fun, I'll add it". (Until tax and primary rate risk made it not fun, so it was removed.) The POS software's on GitHub: https://github.com/sde1000/quicktill https://github.com/sde1000/quicktill
- jbl0ndie 8mo agoThat's brilliant insight, thank you. I enjoyed reading Steve's extensive read me. Also I'm planning a trip to Cambridge so I've bookmarked one of the pubs for a visit.