Will you still be buying from centralised exchanges if the only way to take self-custody is to use a registered wallet address tied to your name?
Discussion
Depends on the alternative assets. Are they also registered? What's their performance minus tax?
hmm i dont have these specifics for you at the moment😂
but you would, eventhough you could just buy them p2p from dex's an alternative way of exchange?
If p2p is an option I'd prob use that, but still, Im curious to see how government will solve the taxation without proof of accessibility problem 👀 What would you do?
tbh I know nothing about my financial rights/rules/regulations.. never owned my own fiat business.. so this is good info ngl
But do you own a bitcoin business? I'm not well-read into property rights and taxes either. But I assume in the future there will be ways to spend my btc p2p for goods I need. Did you ever hear the story how Holleeder claimed he burned his millions of illegally earned euros in cash on a beach? 😂😂
so basically, what I was thinking was that if businesses adopt bitcoin within the existing fiat system, the goblement are probably going to make it v hard for ppl to also spend bitcoin privately
if those businesses are too scared to ALSO accept p2p (big chance since 2020 has showed how many ppl can be) then it still wouldnt matter bc then one can just decide not to buy from them.. 🤯
Yeah I always think we'll see what the future will bring. Bitcoin is permissionless, but I guess it's possible for government to kill usability to the point btc is insignificant 🤔
well, only if you mind kyc/aml it can to a certain degree, I assume.. especially if you still want to participate within the legacy system.. hmm idk
No way, the second my wallet is linked to a government ID is the second sovereignty is lost.
I also though this.. but im not sure anymore.. it all depends on your goals, where you're going to decide to recide, what people you have around you, how mobile you can be.. maybe
but to avoid all this pondering best to just buy p2p in a kycfree manner still..
No. I would mine monero.
why not just acquire/earn bitcoin p2p in kycfree manner and use in local circular economy, just like you would w monero?
Because monero = privacy.
i dont get it tbh, how is that better than bitcoin used in the way i describe above?
Seth did a great write up on the topic
Hell na. Fuck that