You wake up one day and realize you have a hardware device that has a fortune in BTCs, but the only way to cashout out is to verify your identity.
You'll give up your privacy for those BTCs?
I wouldn't "cash out", bitcoin is the exit strategy. If it's a fortune it's best placed in BTC than at my bank.
Selling small chunks is relatively easy and I'd only do that if I need to anyways.
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!!! Yes. Bitcoin IS the cash.
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That means you didn't do a proper due diligence before using that device.
I have 10+ years in bitcoin, yes I used 2 types of HW but I give them away to a noob in the end. Are useless for me. Read more here #179846
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Luckily, is just a hypothesis for me. However, it is good to know about your thoughts. Do you ever got burn somehow?
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I never lost any single sat or get a wallet compromised. I always use the 3 levels stash method and never fail. Be your own bank = think like a bank
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If you bought non-kyc, why wouldn't you be able to sell non-kyc?
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Let's place the hypothesis that the company that build the device and the assets' management software is suddenly under regulations obligated to KYC all his customers by the government.
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use your words to restore to a different software and change governments by moving to a different country
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Possibly because of dystopian regulations? CBDC only society would necessate kyc to sell. As long as one is sellling for fiat, of course.
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I see. I imagine you could still trade your desirable asset (given its price) at a slight loss for whatever you want to buy. Then price would only be that high if lots of people wanted bitcoin.
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