Replying to Avatar ๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ)

If You Sperry bought 1 BTC from Coinbase using your KYC identity and then send that BTC to address say 3GC7HSsYYmEMGoQoQRuhM5q3aCiMCsXeRY. Do you not think Coinbase can track that and every other address that BYC move to? Dude are you really this thick? ๐Ÿ˜†
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sperry 2y ago

I'm not trying to argue, but your theory makes zero sense, honestly.

You can't tell I bought a car with it. You can't tell if I wrote the keys down wrong or lost them on a boat or destroyed them in a fit of rage and now can't prove I'm Satoshi... You cannot prove I sent it to my cold storage, my cold storage isn't KYC. Is yours? You could attack me, make me give you my keys, search my property, etc, take me to court.

This is the power of bitcoin compared to fiat or gold. Why is it so hard to see? It's literally in the whitepaper.

There's a difference between private and anonymous. Bitcoin isn't private.

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USDC 2y ago

#[1]

ยฉ๏ธ The $USDC Airdrop Is Live.

ยฉ๏ธ https://beacons.ai/usdc.eth Claim Free $USDC.

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USDC 2y ago

#[1]

ยฉ๏ธ The $USDC Airdrop Is Live.

ยฉ๏ธ https://beacons.ai/usdc.eth Claim Free $USDC.

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๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) 2y ago

It is true that you can hide in the bitcoin network with plausible deniability. I give you that. If you ever cash out, they can still get you but Obviously only if you have a big stack, otherwise they wouldnโ€™t bother. ๐Ÿ˜

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sperry 2y ago

That's all I'm saying. KYC only matters on exit, and if you're trying to avoid tax on gains, you're a criminal.

You forget they're coming for all the little tax evaders, the big evaders have have government protection .

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Boris 2y ago

If you get out slowly over LN, it is harder to notice.

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sperry 2y ago

How do you return to fiat to realize gains, if you're going to?

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Boris 2y ago

You can buy or take mortgage on something, paying directly with LN or tether (which can be easily purchased with LN) or first convert to physical cash and pay with that. If it is too hard to do in some country, just move to another one. There are plenty of countries where they don't really care where you got the money, e.g. Thailand or UAE etc. Otherwise you can legalise the money in a country, where it is easy and then officially move it to the country where it is hard.