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0 sats \ 8 replies \ @SwapMarket 15h \ parent \ on: How many addresses does Tether freeze in a week? tech
market begs to differ
shitcoiners
or should I say diarrhea-coiners?
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Privacy conscious bitcoiners. USD/EUR -> USDT -> L-USDT -> L-BTC -> BTC cannot be tracked.
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This is a strong claim. May I bother you for a link to a lengthier elaboration/analysis of concrete implementations of this scenario?
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Yes, here
Withdrawing USDT to a self-custodial wallet via Liquid breaks chain analysis. So when you deposit the same amount back to the exchange they can't charge you CGT.
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You might be onto something here, but I think you main point is wrong. The USDT is likely tracked all the way. Even USDT on the Liquid network is freezable, and it is likely known who owns what USDT. When you buy L-BTC for it then all records needed for taxation is most probably available. What you can do after that with confidential txs is more unclear. Maybe you can decouple the coins from your identity - I don't have a deep understanding of how confidential txs work, and also do not know what data the liquid federation can keep and keeps behind the scenes - if any. That nostr link is just the same shill as stated above btw. Not being a hive-minded-vibe-drone I need more. I appreciate your reply though - costing your time and 1 sat and all.
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I don't have a deep understanding of how confidential txs work
You are right here. Educate yourself:
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they just want to sell you liquid diarrhea
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I really don't give a shit anymore about that.
Important is to make them all obsolete.
Every fucking time you use their fake money you make them stronger.
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