Legit question: would you report to the police/authorities that you lost or had your BTC stolen to get the state off your back? #asknostr
Discussion
What Bitcoin?
Well if the BTC was bought using a kyc exchange then they will know exactly what Bitcoin 🥲
KYC!!!!? Mate, that's so last epoch. Use nostr:nprofile1qqs2gazhwghppw36yu0muuzqykdrcndzeafml50pnqfcy9xjx5rylssppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgmwaehxw309ahx7um5wghx7unpdenk2urfd3kzuer9wchsg3ewyk, #Robosats, meet ups but don't KYC.
Don't use custodial wallets, run your own node, use open source
I've got some research to do 🤝
It's easy to set up your own node. I recommend #Start9. I have used #Umbrel before, more user friendly but not fully open source.
You can buy an old mini PC for around £50 (€60) add a 2tb ssd and you're away.
If you can't get that going, look into #Zeus. You can turn your phone into the node. #Zeuspay will give you a Lnurl to set up for zaps.
There is no need for WoS custodial wallet. You could also look into #Alby.
Good luck
Thanks a lot 🫂🫂
As you (probably) have kyc btc, do not mix it with non kyc. Have it totally separate
yeah right peachbitcoin... you can buy 900 eur ... for me would take 25 years to buy what i want.
Its just one option. Depends where you are and what you want. If you intend to buy a whole Bitcoin in one go, you would have to go on a KYC exchange. Then you will lose a chunk of it in taxes later. Or worse, the government where you live decide to sanction you unless you hand it over.
Don't knock nostr:nprofile1qqs2gazhwghppw36yu0muuzqykdrcndzeafml50pnqfcy9xjx5rylssppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgmwaehxw309ahx7um5wghx7unpdenk2urfd3kzuer9wchsg3ewyk for having a €900 per day limit. At least it is kyc3
i m not saying is bad, is just bad for me. when you got more than 900 a day to spend is difficult to remain off radar dont you think. 900 a day is more than good for most people.
If for some reason a person did that, and it was later proven that it was untrue, technically rhat would be a crime.
Not sure the consequences, but I see risk on either side of the equation.
If it hasn't moved in some time you could claim you lost your seed phrase. I wouldn't risk filing a false report, the punishment may be harsher than "tax evasion". #BoatingAccident
Good point. I'm glad I asked
If I was the authorities, I would insist that you prove your loss of bitcoin, I will not be convinced otherwise.
But that's just me.
how do you prove that
I think it's almost impossible to prove
A tax authority will just assume you have made 100% profit unless you can prove otherwise
i belive the question is how to prove you lost it
you can always prove you bought it and so the cost basis. so how they assume you made 100% profit
If the question is still how to prove you lost it then it really doesn't matter how much profit you made on it. What matters is the loss of bitcoin.
In addition, you don't need to prove you bought it became it is assumed, for argument's sake, that the BTC was bought with KYC.
Hi bitcoin nora 🤟😉🏴☠️ nice to meet you 🤝 Report it to the same system that inflates away wealth and fears self-sovereignty? No thanks. My keys, my responsibility. If you can’t rug me, you can’t rescue me either. Stay sovereign. ⚡ #Bitcoin #SelfCustody”
Good point
Nice try, fed 😉
