I don’t like taxes, I don’t wish to comply, but it’s impossible to subvert the state by refusing to pay cap gains taxes on KYC bitcoin. Non KYC when used p2p would be different - like cash, absurd to try to enforce taxes on it. So I think getting some nonKYC is a better first step - privacy from the get go, use like cash p2p, reporting “cap gains” is up to you

18% cap gains on my KYC BTC making 1000+% gains in a hyperinflation scenario is still a huge net profit, should I take it (probably won’t). Cap gains are the cost of using kyc btc

There is *some* privacy on the base layer of bitcoin as you know. Base layer privacy can’t be complete - tradeoff for ability to audit entire blockchain. Current layer 2/3s are working on better privacy

I take it you are a monero maxi, which is cool, we bitcoiners have a lot in common with you. I do plan to learn more about monero, I just don’t see how the game theory plays out - I expect returns on BTC to vastly outpace XMR, and I don’t see the state embracing a “privacy currency”. I do use BTC primarily as store of value, even if the parasitic US gov is leeching value from cap gains, while it matures to a point where ppl wanna use it as med of exchange. I’m fine with waiting for better L2 privacy solutions to arrive for bitcoin while I hodl.

I want to love monero. I’ll learn more about it. Also I really am god, that’s not just my username