If you’ve ever asked « why should I spent my bitcoin when I can spend fiat (bad money) and stack sats (good money)? ».
This is why 👇
P2P electronic cash only works as intended in a closed loop. Anytime you cross over to fiat, you are subject to the same control measures. Aka, you failed.
👉 KYC yourself
👉 Limited self-custody
👉 Tax on capital gains (in fiat terms)
👉 Limits on withdrawals and payments
👉 Flagged transactions
👉 Provide proof of income
Even selling bitcoin p2p is already limited to small amounts to avoid being flagged by your bank.
The key is bitcoin circular economies.
#bitcoin #privacy #nokyc #bitcoincirculareconomy