Good enough to accomplish what?
Discussion
eliminate risk of spending if large fines imposed for usage. In a 6102 type event.
Apparently mixing KYC coins does not give you legal grounds to absolve yourself of ownership. Not legal advice. nostr:note1sxh9329y5dv0q3k7nysczc8y2479k6nj4emx0v3d5dy2yxyehxqsk029a4
Would anyone even want to claim that a CJ absolves them of ownership? You would then have to pay taxes. Sounds like a lose lose.
I like coinjoin for privacy but ultimately we’ll have to say “no” to injustice at some point, beyond just trying to hide our savings.
Personally, I’m more inclined to use the political system to change laws around how btc is taxed, or move to a different state or country before I do something that could take away my freedom.
I feel like the worst case 6102 scenario is: US declares BTC private ownership illegal because it “threatens” the dollar and “national security.” They deploy resources to enforce this and contact traceable owners after they subpoena KYC data from exchanges. Private owners responding to the state, “you cannot prove I still have the coins” because they mixed them may not be legally sufficient to absolve them from ownership.
I see that scenario as highly unlikely. But if it does happen then I would just move to another country.
Yeah I’ve considered an El Salvador parachute if things get really hairy 😅
So really the only solution is buying non-kyc
Pretty much. Make sure not to combine non-kyc utxos with kyc ones as you may know
It’s not that simple. Risk management is subjective in some scenarios. At some point you’re spending lots of time and energy mitigating for a low probability event.
I think it’s pretty easy for Bitcoiners to indulge in doom porn, get paranoid, and waste their life prepping and propagating fear.
I aspire to find balance.
Agreed. Guess you could think of it at insurance cost.
Always mix or do some obfuscating with lightning or buy KYC free. But note your cost basis and pay cap gains. While the state is quite incompetent, I would not risk jail time over cap gain taxes. Just my 2 sats.
If you transact off chain with SATSCARDS then that’s different.