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I was watching this prominent Bitcoin old school. He was telling people to buy a dollar worth. When there was a dollar, he said in the United States, it's illegal to sell and buy Bitcoin privately Because You gain profits and you are not reporting

But this was a long time ago so im still under the impression that they can say its illegal because you "made a profit"

TheGrinder 2w ago

But they can only do that if there is a paper trail which you can avoid p2p. It's one reason why I don't use Robosats and co. For all I know the accounts of the other person are already flagged for "whatever" and I'm not establishing paper trails with unknowns only to have the cops at my door.

Most non-KYC platforms are not non-KYC because people send money from one account to another with very little means to justify those transactions.

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Discussion

. 2w ago

The constant assumption that a private transaction means an unreported gain is always annoying. Just because I am private doesn't mean the point or the outcome is not paying my taxes. I pay my captial gains.

TheGrinder 2w ago

I get a feeling that we're moving from "not guilty until proven otherwise" to "everyone is guilty (of something) unless they prove otherwise" kind of justice and legal system.

Thekid.999 2w ago

Makes sense as long as you're not selling to a federally

TheGrinder 2w ago

yes or ISIS or the next Epstein or or or 😉