If the govt can make it look like you have ill gotten coins, watch out 🤷‍♀️
Discussion
What happens when an unknown entity sends an “ill” coin to your wallet?
What’s the playbook?
Most people look at mixers, Although I think a coin join or mixer is probably the easiest way to get “ill” coins. Kind of a rush the gate, They can’t catch us all kind of logic. I value my digital privacy from a perspective of self preservation, But not because I have bitcoin that is not associated with my identity, But because bitcoin is a full consequence world where nobody is coming to save you and you can get robbed by a nerdy kid in their parents basement without him leaving his house. I pay taxes mainly because tax evasion is a felony and prison sounds less appealing than paying capital gains. The idea that one day the government will fail because bitcoin is a better alternative is in my mind a psyop that creates criminals. If anything central banks will adopt bitcoin when it is obvious they are about to fail. The number of people who are technically literate enough to use bitcoin far under-weigh the amount of people who live in perpetual fear of the government. A CBDC will just feel like a federal bank app for people who don’t know how to code and use a smartphone every day, And who have not lived like criminals in the name of digital freedom. I still see bitcoin as a hidden asset that most people can not make sense of, And it will be associated with Donald Trump, A Russian agent. Popularizing it around a criminal president is just going to give more fuel to the humanitarian left that is giving you the safe and legal CBDC that is backed by bitcoin confiscated from these evil bad guys. It is a careful balance of building your own wealth without going to prison. I probably would have a better chance of robbing a bank to get rich than being given the same amount of money in bitcoin and facing the same amount of prison time for it. Sam Bankman-Freid is doing 25 years. How many people went to prison for January 6th. Watching the “shadowy super coders” suddenly fall for Donald Trumps bullshit psyop makes me really lose faith in these high iq individuals who just want number go up.
Plausibly. If you were under investigation, You would go to court, And explain how you got said coin. If you did get Bitcoin that came from say, Russian hackers, They would probably just take it and you would get no compensation, Thank god for bureaucracy. If you got it in some “legitimate” business dealings you could probably sue whoever gave it to you and find compensation after a long litigation process, As fun as that sounds. It is really a hard double standard to walk. Most hardcore bitcoiners value their privacy for this reason. I entered the market when exchanges went live well after the FBI did their thing about Silk Road and realized they could make money by selling “dark web” coins. The rare individual who was financially literate enough in 2009 to realize the potential of bitcoin, And technologically competent enough to watch how the network progressed through all that time probably was already rich from a job in Silicon Valley. I think the majority of wallets with 1btc + have some kind of cybercrime attached to them. Working and saving up to 1btc is a pretty pathetic and pleasure averse experience. Foregoing any useless spending excludes you from about 80% of the western economy. Most of the influencers in the bitcoin space would be considered criminals by government standards.