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10 sats \ 9 replies \ @DarthCoin 3 Feb \ on: How I Buy Non-KYC Bitcoin bitcoin_beginners
THERE'S NO SUCH THING!
If that will ever exist, it will be TWO separate networks.
Please stop saying this bullshit, especially to beginners!
The most dumbest thing ever.
Why don't you just buy the sats from Strike ? Is absolutely the same, you are already KYCed, and even worse, Strike via your bank is already disclosing all your info to the tax guys (if you really fear them).
Guys, KYC is bad, really bad, but not to hide from a fucking taxman! The taxman doesn't give a fuck how much sats you bought, but how much dollars you bought...
When the fuck people will understand this ?
Can you explain this a bit more?
With RoboSats, there's no paper trail linking dollars (or SSN's) to Bitcoin purchases. All Strike knows is that you sent a "friend" some fiat, which the IRS don't care about because that's not taxable. So how is RoboSats not non-KYC?
Sure, you had to KYC to use Strike.... which requires being part of their system. But at least they will never know you bought Bitcoin. And if we ever need to buy dollars, all the taxman knows is that a "friend" lent me some dollars. Not taxable.
Not trying to argue, because I know you're very knowledgeable. Just trying to clear up my own understanding if I have something wrong.
Edit: actually, I think I'm starting to get what you mean before you even respond. It's the buying of the dollars that they care about. I get that.
But if you buy/sell Bitcoin in a non-KYC manner, it's really hard for them to do anything about it. They allow friends to send each other fiat on these apps without it being taxable. The caveat probably has to do with the amount. Friends aren't usually sending thousands of dollars to each other regularly. But if you buy/sell small amounts of Bitcoin, you can go unnoticed.
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The whole point is to NEVER ever go back to fiat.
Once you buy BTC, stay in BTC, spend with BTC.
Any fucking fiat rail is KYC, no matter what. So even buying on Robosats with a bank transfer or revolut or visa or strike, is already KYC.
But the point is that the taxman will not tax you on how much BTC you buy... they can't do that. But they tax you (if you care about that crap lie) on what BTC you sell back for fiat.
YOU DO NOT HAVE ESCAPE WITH FIAT RAILS. That's the whole point.
KYC is bad when you buy BTC because you link your real identity with multiple UTXOs and bad guys can get their hands on leaked KYC data like this: https://paste.fo/raw/ad9159623b1c
Then you will see some bad guys like these at your door...
Gov doesn't give a shit about how much BTC you have as long you are not going back to their fucking fiat.
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For sure, I understand and agree with it
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it may be a good time to share this as well. I've never heard of this guy, or any of this information that he talks about, but I'd like to discuss the points
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does this guy look trustworthy? a reliable source?
If the video was how to traffic narcotics then...
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My understading as well, thank you
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