OK, but on my bank account history, there will be a bank transfer to a person I don't know, a Bitcoin seller.

The bank KYC-ed me.

The government will likely easily find out who are the people who regularly receive bank transfers from random people and tag them as likely Bitcoin sellers.

Then they can easily link it to me.

Of course, that I sent a few banks transfers to a known bitcoin seller does not prove anything.

And I could testify I don't remember what this transfer was for.

But I could be on a watch list.

And then, if I buy a house or car or whatever, tax authorities may come and ask for the source of funds.

And then, if I didn't pay the capital gains tax on sold Bitcoin, I'm in trouble.

I don't want that.

I think I must and will pay all the due taxes anyway, even though I think taxation is theft.

So, it seems to me, the main value of going through the hassle, risk and cost of non KYC, which is 5 percent, non trivial, so the value is limited to the fact that a centralized exchange will not know my data.

Well, many know it already so the milk has spilled already.

What am I missing?

Is there some other true value for me of non KYC buys? Other than the ethos.