What if #kyc be #nonkyc never end up mattering?
#asknostr
Discussion
Nothing changes then
It doesn't matter if you route trough something like coinjoin or exchange for some privacy crypto like monero
Coinjoining or using Monero doesn't erase the record that you bought X amount of BTC or Monero. That record is always accidently leaked or hacked eventually.
Ideally buy nonKYC + coinjoin (or use Monero)
Always a nonzero chance, but unlikely.
You should plan around worst case scenario, but you're free to roll those dice.
This is sensible!
What do you think may be the worst case scenario?
I like thinking about this stuff and value other's opinions on it.
As governments catch up - Tighter regulation, unrealized and realized capital gains tax increases, mandatory KYC enrollment to use Bitcoin above the table. All this only applies to white markets of course.
Bitcoin/Monero will always be black and gray market money first, and tentative white market money second imo.
The only longlasting solutions are parallel and circular economies outside the current system.
In that case is sounds like it doesn't matter so much if they know you have it, but rather of they know you spend it.
I guess spending KYC bitcoin has them one step closer to knowing in the first place.
Thanks
Well, I wouldnt say it doesn't matter.
The governmet stuff is just one side of it. KYC is also risky because that info will eventually get leaked or hacked. Happens all the time if you pay any attention to these things. Now criminals will know your personal info and potentially your address (or indirect info to figure these things out) and how much Bitcoin you bought.
https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md
Thanks for this