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gm nostr.

Has anyone concluded buying #nokyc #bitcoin is worth the hassle and premium? Strike is so damn quick and easy whereas robosats/bisq are a bit more time intensive.

I figure if the government starts attacking bitcoin by forcing nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle to doxx my utxos or effectively bans coinjoined UTXOs then neither my kyc nor my nokyc bags will be worth much anyway. And by that point maybe fediments/lightning/coinjoin will be so robust that it wont even matter.

Am I missing something?

#privacy

The real price is whatever the market says it is when you're buying no-KYC. You get a discount in money/time for giving away your information by buying KYC like on Strike. This is how some see it and is the correct view imo.

Remember, it's not a question of 'if' that data will given to gov, leak, or get hacked. Only a matter of 'when'. These things happens all the time constantly if you keep up with these things.

You're free to throw the dice and take on that risk for cheaper and more convenient sats though. Entirely up to you if you think the reward is worth it.

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appreciate and agree. The question I grapple with: *when* the government gets my info will it matter. As you said its a gamble.

You might be responsible for paying unrealized cap gains tax in the future if that ever becomes a thing. You could be legally required to give your Bitcoin to "approved custodians". If you "lost" it you could still potentially be on the hook for that or at least bring extra unwanted attention and scrutiny.

I'm thinking worst cases, but who knows? Maybe it won't ever get quite as bad as that, but I value the peace of mind of knowing that it isn't even on the table when you acquire without KYC.

Not even mentioning the possibility of $5 wrench attacks when the general public can potentially see how much Bitcoin you've purchased

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

unrealized cap gain tax thats an interesting idea I hadnt thought about but wouldnt put past lawmakers