Replying to Avatar sperry

Genuine question:

If you aren't a criminal, or trying to avoid taxes (same thing) why do you care if your BTC is KYC or not? Why, exactly?

Or is it just a narrative?

Isn't transferring to a self-custody wallet a move away from KYC in the first place? I m an o can send BTC from my CashApp to any address, so unclear on what exactly you think you're gaining with all these conjoins and whirlpools that make it look like criminal activity?
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Sergio 2y ago

I think it's just a general privacy practice. I'm assuming. It's also a safety measure against potential extortion from govt and non govt organizations. I know that there is a way of obfuscation the coins trail by coinjoining, mixing, and consolidating utxos.

But idk. My btc is kyc. I pay my govts extortion tax and try to never sell unless I borrow against it.

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sperry 2y ago

Borrowing against it requires trust, which is seemingly hard to come by daily in this space. Hard to do it when you zoom out, but I hear ya.

Cheers!

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Sergio 2y ago

Lots of trust