pull down to refresh

637 sats \ 10 replies \ @DarthCoin 13 Dec \ on: Can I de-kyc my KYC stack? bitcoin
Just use the Lightning Cleaning Machine method and you will be just fine.
Would I have to put it through a mixer or something,
Not mixer, but coinjoin if you really want to do that. Use Joinmarket if you know how to do it. But IMHO, just passing by LN is enough to break that link.
de-kyc my KYC stack?
And please stop saying this bullshit. There's no "KYC bitcoin". If that will exist, it means Bitcoin is dead, it exist 2 types of Bitcoin. This is a misconception and we should avoid saying that.
Yes, KYC is really fucking bad, but not for your BTC stash, but for your identity to be shared, sold, used without your knowledge and consent. Nobody can take your BTC you bought from a KYC exchange and then you withdraw them. NOBODY. And nobody can come to you to ask why do you bought them. Is nobody's business what you do with your own money.
I explained more things here: https://darth-coin.github.io/wallets/bitcoin-and-privacy-en.html
write
preview
21 sats \ 0 replies \ @stack_harder OP 13 Dec
nice, i am going to digest this in full tomorrow and then start planning lightning washing my stack
reply
10 sats \ 0 replies \ @Shugard 13 Dec
Thanks for your insight, Darth!
reply
0 sats \ 4 replies \ @evanbaer 13 Dec
Agree re saying "kyc bitcoin" though not sure what to say in its place. Maybe "my kyc order history" ?
reply
10 sats \ 2 replies \ @ek 13 Dec
just ignore him, everyone knows what you mean with KYC bitcoin
reply
42 sats \ 1 reply \ @DarthCoin 13 Dec
noobs fall for this crap and will repeat it over and over without knowing what they say... then soon you will see them saying that "KYC bitcoin" is a token.
Don't you think this term was actually introduced into Bitcoin vocabulary by the same ones that want people to believe that exist 2 types of BTC? We should pay more attention to these things.
reply
22 sats \ 0 replies \ @SatoshiNakanodo 13 Dec
I agree with @DarthCoin here. KYC is a term coined by the state. bitcoin is bitcoin. It is the fiat state that wants people to believe that KYC is clean and wholesome while non-KYC is dirty and bad.
I say "bitcoin" and "bitcoin linked to my identity". It's clearer.
reply
0 sats \ 0 replies \ @stack_harder OP 13 Dec
it means bitcoin that was purchased from an exchange with an explicit link and record to my identity. semantics aside, i understand the btc is the same, but with kyc the record and amount is linked to my identity
reply
21 sats \ 2 replies \ @Solomonsatoshi 13 Dec
Wrong. The tax agency of your country can ask if you have not reported the sale of the bitcoin you purchased via a KYC platform then where the fuck is it now ? ! ?
If you purchased via KYC no amount of coinjoining mixing obfuscation BS will remove the fact that your nations tax authority has been informed you have purchased that Bitcoin.
The only way to de KYC is to sell it, report the sale and pay due tax to tax dept and then re acquire Bitcoin via Non KYC.
On this Darthcoin, usually well informed, appears to be ignorant.
And upon Order 6102฿ the government will come asking will you surrender that ฿itcoin you purchased via KYC but have never reported the sale of???
reply
0 sats \ 1 reply \ @chaum 13 Dec
Yes, very true, but this is a new technology the government is dealing with. Your stack could have been stolen, you could have lost your backup words.
reply
0 sats \ 0 replies \ @Solomonsatoshi 13 Dec
You can try claiming it has been stolen and see how the tax department sees that. Did you report it when it was stolen?
If you claim your back phrase was lost if the Bitcoin ever moves since this is claimed you are exposed a a liar.
The government has been very proactive along with the banks in imposing KYC and promoting KYC in order to get nearly all BTC tracked and traced so if you think you have a found a loophole and can outsmart them try it on and see how you go- good luck with that.
reply