It is true that you can hide in the bitcoin network with plausible deniability. I give you that. If you ever cash out, they can still get you but Obviously only if you have a big stack, otherwise they wouldnโt bother. ๐
Discussion
That's all I'm saying. KYC only matters on exit, and if you're trying to avoid tax on gains, you're a criminal.
You forget they're coming for all the little tax evaders, the big evaders have have government protection .
BTW, thanks for sticking around and having a real conversation.
I love bitcoin and nostr, they've both consumed me completely. Certainly not trying to make enemies here, just wanting to have thoughtful conversations and having fun while exploring these rabbit holes with you all.
Cheers!
If you get out slowly over LN, it is harder to notice.
How do you return to fiat to realize gains, if you're going to?
You can buy or take mortgage on something, paying directly with LN or tether (which can be easily purchased with LN) or first convert to physical cash and pay with that. If it is too hard to do in some country, just move to another one. There are plenty of countries where they don't really care where you got the money, e.g. Thailand or UAE etc. Otherwise you can legalise the money in a country, where it is easy and then officially move it to the country where it is hard.