Replying to Avatar ETT

Interesting idea. So all the times I send myself money from my fiat balance directly to a cold storage address...does strike not report that to the IRS as me stacking sats? So when the surveillance state escalates and they go to strike and ask for all of ETTs bitcoin transaction, all those utxos will be doxxed as mine, right?
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no₿ody™ 🧱 1y ago

Not sure exactly how they report what, but i assume they leave it up to you to determine your own taxes for stuff like that

I think exchanges generally do chainalysis so that they can tell the government they kicked off all the criminals they found and stuff, so they can be compliant and continue operating - as opposed to nitpicking which individual transactions they think are taxable events on your behalf. That part is up to you

Please note that i am to some degree talking out of my ass here. Just my impression of things

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ETT 1y ago

Fair enough. Im just asking in terms of no kyc sats. I have no intention of avoiding taxes. Ive just not had any luck explaining to me the kyc implications of sending fiat from my strike account to my cold card vs to a vendor. My fear would be the goverment assuminf the money I send to a vendor is actually money sent to me

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no₿ody™ 🧱 1y ago

Interesting that you look at it that way. Some feel the opposite, that sending to cold storage from your strike cash balance is actually a way to stack non-kyc corn 😂

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ETT 1y ago

Really? I would love to read the reasoning on that

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no₿ody™ 🧱 1y ago

Same as above, but operating under the assumption that they don’t necessarily assume or even care whether the receiver it’s you