On #nostr or on an upcoming episode?
nostr:npub1pmhevxtlt3478pvmdqt7dftnv6zc2mzpdc569yjm6ks4k2jhezcs53uksr can you explain how all BTC isn’t KYC free with a little work?
Hear me out. I buy BTC on an exchange that I’m KYC’ed on. Gov definitely knows that’s my BTC.
I then move it off to a wallet. Gov can assume that was my wallet. Fine.
I then make another wallet and move it there. At that point how would / could the gov prove those sats are still from my original KYC purchase?
Wouldn’t that be enough to create doubt to clear the BTC and make it anonymous?
Bonus question: if I now bring those same sats back to an exchange and sell them (which I would never do but if I did) how would they know what my original purchase price was for taxing purposes? These sats have moved to multiple wallets and potentially multiple exchanges.
Discussion
Either is fine. I listen to all the episodes because I don’t really have any orange pilled friend who knows more than me. I do most of the orange pilling around here. Which is scary since I think I dont know shit. I get a lot of my education from you so I thought I’d reach out. If the answer is enough for a topic on the show do it there. Otherwise a note back here is great too. Thanks for being accessible! Your podcast is literally the best BTC podcast out there. I’ve been missing you guys. 🙏🏻
The short version is study this court case. We're going to cover it soon but it is about probability and chain analysis, which is extremely suspect.
#bitcoin
https://www.nobsbitcoin.com/roman-sterlingov-found-guilty-on-four-counts/
Kangaroo court