Sunday Survey: How much of your stack is non-KYC? \ stacker news ~bitcoin

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Sunday Survey: How much of your stack is non-KYC?

392 sats \ 19 comments \ @jimmysong 9 Feb bitcoin

Include coinjoined and otherwise anonymized coins that were once KYC.

0%9.7%

1-10%41.9%

11-25%9.7%

26-50%3.2%

51-100%35.5%

31 votes \ poll ended

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21 sats \ 0 replies \ @IamSINGLE 10 Feb

100% till now.

210 sats \ 0 replies \ @kepford 9 Feb

Nice try fed ;)

0 sats \ 4 replies \ @BitcoinIsTheFuture 9 Feb

Ouch not much. Gotta work on that. Wanna help lol. At least my stack is almost all in cold storage

11 sats \ 3 replies \ @Solomonsatoshi 9 Feb

If you want to improve your ratio look for an OG who has non kyc stack and wants to sell some down- there are a few out there in this position who if they sell on exchange will be kyced/taxed at that point so it makes good sense for them to sell privately. In my experience they are easier to find than you might imagine.

7 sats \ 2 replies \ @BitcoinIsTheFuture 9 Feb

Ah great call. How do you not get scammed though?

11 sats \ 1 reply \ @Solomonsatoshi 9 Feb

Start with people you know and people who know them. People within your geographic/social network reach are inherently more accountable than those outside your physical reach. Failing that start with small transactions and if possible meet them in the real world. With LN you could set up a daily purchase of a relatively small amount. They probably want a reliable tax free fiat income stream so if you can provide that, it works both ways.

7 sats \ 0 replies \ @BitcoinIsTheFuture 9 Feb

Makes sense, thanks!

0 sats \ 0 replies \ @Jon_Hodl 9 Feb

Not enough

0 sats \ 3 replies \ @030e0dca83 9 Feb

if you remove it from exchange all sats eventually become non kyc. Exchanges' life isn't infinite but Bitcoin

0 sats \ 2 replies \ @Solomonsatoshi 9 Feb

If you bought it via KYC platform the government tax dept knows you have it, until the day you report its sale and pay any tax due on sale.

0 sats \ 1 reply \ @030e0dca83 9 Feb

I wish them luck to find them at the sea bottom because of boat accident

0 sats \ 0 replies \ @Solomonsatoshi 9 Feb

If they are ever moved from current location it is visible to all, including the tax agency.

0 sats \ 5 replies \ @SpaceHodler 9 Feb

Depends on how you define non-KYC.

Virtually all of my stack was acquired with KYC, but I've removed the KYC trace from all of it.

21 sats \ 3 replies \ @Solomonsatoshi 9 Feb

How ? Did you report you had sold it and pay the tax due ?

0 sats \ 0 replies \ @Jon_Hodl 9 Feb

I would also like to know how.

0 sats \ 1 reply \ @SpaceHodler 9 Feb

I didn't sell it, so there is nothing to report.

0 sats \ 0 replies \ @Solomonsatoshi 9 Feb

Ok so the tax agency know you still own it and whatever obfuscation has been used blockchain address wise is also apparent to them. They could require you to demonstrate current ownership or assess you for tax liable due to disposal. If you claim loss by accident they could respond why did you obfuscate the blockchain address? Good luck with explaining that.

135 sats \ 0 replies \ @Jon_Hodl 9 Feb

I've removed the KYC trace from all of it.

The KYC trace is not on the Bitcoin. The KYC is on YOU as the buyer. CoinJoins, swaps, and lightning don’t do anything to remove your purchase history from the KYC social credit surveillance system.

0 sats \ 0 replies \ @Satoshi__Nakamoto 10 Feb freebie