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Well, if it’s a significant amount of money and you spend it on literally anything and you get audited, you better prepare for prison time.

Again, just because you don’t like the truth doesn’t make it a lie. What I said was “bitcoin is definitely subject to government control. It’s already controlled to some extent.” which is factually true.

I’m not simping for government, I’m telling you the practical reality of the situation.

Oh right lol. But if you can only migrate an nsec once, then you’d know that the new key is safe. I don’t know how that would work tho.

You still have to report your crypto income to the government though, or risk prosecution and prison time.

There should be some way to move accounts (follows, followers, etc) to a new key like on fedi. I worry that some client may have stolen my nsec, though I know about those extensions that protect it too.

Really, like verbally? That’s probably against their policies.

Also they’ll probably seize your money as proceeds of crime, and it’s also not a question of if it’ll be outlawed but when. Those sorts of exchanges are used to launder criminal proceeds and the ppl engaging in them may be violating AML laws as it is now.

It’s not a lie, it’s just reality. Let’s say exchanging crypto on decentralised exchanges becomes illegal but you continue to do it. Then you get audited, the government asks you for a paper trail on how your bitcoin income was converted to cash, they determine you committed a crime, and then you go to prison.

It does in that sense that if you fail to comply with government regulations (including disclosing all of your assets and transactions), you will be arrested and put in prison. I’d like to hear the details on how you’re converting thousands to cash using decentralised exchanges, which btw, the government could also outlaw if they wanted to (and probably will eventually).

For example, you’re required to disclose possession and use of it to tax authorities in some jurisdictions, and to identify yourself to convert it to actual usable cash.

Well, he would charge more because he wants to be able to purchase an equivalent amount of goods for his work. His pricing has zero bearing on the broader system.

Also, bitcoin is definitely subject to government control. It’s already controlled to some extent.

There’s an exemption if you’re following their account, but Amethyst censors a lot of ppl through what is basically a “vote to censor” system. I’m affected as well, Vitor doesn’t seem to care.