It will be interesting to see how non-KYC everyone's BTC turns out to be once hard money is being replaced with CBDC's linked to everyone's digital ID.
Discussion
Pay with bitcoin, avoid kyc.
PoS systems in Germany are already linked with the IRS today. If purchase something under the counter with BTC it will be missing from the stock (for example). If you send CBDC to another person both sides will have to justify the whys or risk having their funds frozen. If you send €50 to your daughters phone for her birthday, tax will be deducted from the transaction. If you want to acquire BTC you'll have to do so through a licensed exchange - if you have permission to engage with such a business (might be blocked in your currency). Etc etc etc my friend.
I DCA it from my bank account, so I'm mostly out.
Cash is and will be king
Yeah, some sort of underground cash backed by something else. like Bitcoin. I have some meme notes that can be loaded with sats. I guess that's an option.
BULK BTC cannot be SPEND with KYC anywhere in world now
there is nothing fucking called non-kyc in legal accounting
u can pay for coffee zap candy bread without KYC
Most people will have to buy it from wall street with their CBDC anyway. If they have permission on a monetary level to do so that is.
bitcoin is hijack n fucked SLOWLY - lot of blinds in nostr not see it
30% bitcoin in corp n insititutional wallets when next GFC comes - nobody initititons will able withdraw it
"without" typo
XMR n BTC comes to same thing WHEN LEGALIZED SPENDING
u can pay under the table is fine - but someone has huge stack wanna dump in a week or day - like 80000 BTC sale last month via galaxy kyc - nobody can avoid KYC
Agreed. Selling BTC was a lot easier 10 years ago than it is today already. Now, it's just a matter of time before it will become near impossible to not show up on any radar when swapping even smaller amounts like 10,000 for example. Banks already behave like legal guardians when you want to move smaller amounts than that. Eventually what you can or cannot do with your money will be programmed right into it on a protocol level.
probably 1reason among many why then entity dumbed 80000 BTC - they released they have to do kyc someday anyway. even physical gold some place people asking for receipts now if ramping 2fiat from 20years or 30 years ago LOL