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Mark Camper

You can still buy and sell bitcoin privately and pay taxes if you want to. That's reasonable.

Anonymity is not just for the tax avoidance. It gives you more optionality and safety.

Perfectly surveiled bitcoin by the governments is "permissioned 3rd party money". It's not a Bitcoin anymore.

BitcoinStu 1y ago

and if you don't believe me, google some of the following:

Michael Lord

Joseph Seibert

Aaron Shamo

Local Bitcoins

There is a long history of people being imprisoned for charges like "illegal money transmission, money laundering, violations of the BSA", and so on.

It's just not my game. The IRS knows how much Bitcoin I have. And after January 1st 2025 if they don't know yours, then you are in violation of US tax law and can face penalties, interest, and prosecution.

But if you want a pile of Bitcoin the government doesn't know about, go for it. I hear a lot of new-commers to bitcoin talking like that "I lost my bitcoin in a boating accident". Yeah, the Judge is going to love that.

If the state comes after you, your non-KYC bitcoin won't help you. And in fact, having a big stack of non-KYC bitcoin makes you a target.

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