What chains?
Why would I risk putting my Bitcoin on other chains which are not as safe as Bitcoin?
The problem is trying to get privacy after getting Bitcoin eg through KYC. And it does not matter what you do after this. You cannot hide because there's this record of you buying Bitcoin.
The government won't come to you and ask for your Bitcoin holdings and walking away again after you tell them you lost your BTC in a boat accident.
They will put a tax on unrealized profits and then you have to pay and they will calculate your KYC Bitcoin as a basis.
They will get from you what they want if you left footprints from beginning.
The only solution I see right now is to make it right from beginning.
You sell all your KYC Bitcoin over time to avoid taxes if possible in your country and buy BTC with cash. For example you buy physical amazon cards and sell them for Bitcoin for example on robosats. No one knows that you have Bitcoin then.
Bitcoin is decentralized, so don't buy Bitcoin on centralized exchanges. And only in cash.
If you make a bank transfer and if the person you send money has to disclose his transactions to authority, your name will be listed. So you would be the next one.
In the end this won't work for the masses. But the Bitcoin OGs can hold safely their invisible Bitcoins until some Time when the trojan horse plays out and bitcoin wins and they can use their bitcoin for whatever they want because the government collapsed and a new Bitcoin based Government is established. Or whatever happens after that Fiat shit show collapses.
Dawai 🔥
snooz / SnOoZ
npub1ngw…30a8
2024-04-26 16:30:38
in reply to nevent1q…z9h6
Author Public Key
npub1ngwrtrugua5nxjxrzxvxkvs58p49l2g75j4luurduvj5xhzjgx6s2l30a8Published at
2024-04-26 16:30:38Event JSON
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"created_at": 1714141838,
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"content": "What chains?\n\nWhy would I risk putting my Bitcoin on other chains which are not as safe as Bitcoin? \n\nThe problem is trying to get privacy after getting Bitcoin eg through KYC. And it does not matter what you do after this. You cannot hide because there's this record of you buying Bitcoin.\n\nThe government won't come to you and ask for your Bitcoin holdings and walking away again after you tell them you lost your BTC in a boat accident. \n\nThey will put a tax on unrealized profits and then you have to pay and they will calculate your KYC Bitcoin as a basis.\n\nThey will get from you what they want if you left footprints from beginning.\n\nThe only solution I see right now is to make it right from beginning.\n\nYou sell all your KYC Bitcoin over time to avoid taxes if possible in your country and buy BTC with cash. For example you buy physical amazon cards and sell them for Bitcoin for example on robosats. No one knows that you have Bitcoin then.\n\nBitcoin is decentralized, so don't buy Bitcoin on centralized exchanges. And only in cash.\nIf you make a bank transfer and if the person you send money has to disclose his transactions to authority, your name will be listed. So you would be the next one. \n\nIn the end this won't work for the masses. But the Bitcoin OGs can hold safely their invisible Bitcoins until some Time when the trojan horse plays out and bitcoin wins and they can use their bitcoin for whatever they want because the government collapsed and a new Bitcoin based Government is established. Or whatever happens after that Fiat shit show collapses.\n\nDawai 🔥",
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