The feds will think you have more coin than you actually have. Not an enviable position.
That's true, but hopefully, with places that are more bitcoin-friendly and in many countries like my own that are proper shit at tracking these things, it can remain that way.
As long as those premiums exist on P2P and it keeps growing as people want sats around the world, someone will come in and buy it, if you're making 20-30% that's enough margin to replace what you're selling at a later stage so you could have the amount back you bought on KYC, its not as if they are going to track UTXO sets
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