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394 sats \ 4 replies \ @shyfire 13 Nov 2023 \ on: de-KYC Sats? bitcoin
The only way to un-KYC it is to sell it, and then buy it all again Non-KYC.
No matter what you do with that KYC corn (whirlpool etc), there is still an entry on a database out there with your name next to it and the amount of BTC that you have.
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1 sat \ 0 replies \ @BTCoInSite OP 13 Nov 2023
oog. Thanks i guess!
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0 sats \ 0 replies \ @td 13 Nov 2023
And take the Capital Gains tax hit, assuming you're in the green
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0 sats \ 1 reply \ @Coinosphere 13 Nov 2023
That just tells the watchful eyes how much you've stacked. It doesn't link it to any expenditure. This is valuable.
After spending all these washed sats over years, there would be no way for them to know that you're not still hodling the whole stack.
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0 sats \ 0 replies \ @shyfire 13 Nov 2023
That is true. However there are certain scenarios where that could hurt you. For example, what if self custody was banned and a law is issued demanding that you hand over your stack to an authorized custodian?
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