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21 sats \ 4 replies \ @DarthCoin 3 Feb \ parent \ on: How I Buy Non-KYC Bitcoin bitcoin_beginners
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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30 sats \ 1 reply \ @Jon_Hodl 4 Feb
The whole point is to NEVER ever go back to fiat. Once you buy BTC, stay in BTC, spend with BTC.
This.
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9 sats \ 0 replies \ @PictureRoom OP 4 Feb
For sure, I understand and agree with it
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0 sats \ 1 reply \ @j7hB75 3 Feb
That link is not working.
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0 sats \ 0 replies \ @DarthCoin 3 Feb
no wonder they shut it down... it was full of thousands of KYC data leaked
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