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err, no anon - I’m cognizant of potential legal consequences if my jurisdiction deems coinjoined/mixed coins illegal at some point in the future

don’t you dare assume I would take fiat profits on my #bitcoin

utxo the webmaster 🧑‍💻 2y ago

How will they know they are yours? 🤔

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Discussion

d0enakalle🐇⚡ 2y ago

They wouldn't know but they could invent another dumb law that forces you to somehow proof where your once bought KYC bitcoin went. If you spent them, gave them away or lost them.

I know, "boating accident" and so on, but it wouldn't be the first law which is flawed from the ground up...

nostrnaut 2y ago

"they" will always know how much I have stacked, since I started before I had fully educated myself on KYC vs no-KYC

the main USP to coinjoining is to maximize UTXO spending-privacy, whether it's for KYC or no-KYC sats

coinjoining is a best-practice for both

but there's nothing preventing someone from selling no-KYC sats back to fiat (other than the overwhelming shame and bitter taste in your mouth from doing so)

<old>cypherhoodlum 2y ago

Maybe take the tax hit and restack?

ede3d957... 2y ago

Or go full Monero. Wait for the BTC:XMR ratio to recover. Then set your BTC record straight with the extortionists and live happily ever after with what you keep in XMR and/or BTC.

Why make it more complicated?

<old>cypherhoodlum 2y ago

The second step there is where I have some doubts.

ede3d957... 2y ago

And you guys still don't see the value prop of Monero?

Just use Bitcoin as your store of value and Monero as your spending account.

Don't be lazy. One can easily live off Monero today. No need to ever go back to fiat.