Colonial's avatar
Colonial 11 months ago
Don't let the KYC chains hold you back. Get your Bitcoin without bondage. No KYC! image

Replies (12)

.'s avatar
. 11 months ago
And then when that address moves you move into contempt or a cell.
.'s avatar
. 11 months ago
At some point if audited and asked to prove you have the kyc amount you never recorded selling, you may have to provide an address to the auditor. If it is there great if not and you then claim you lost the keys, the next time it moves you just lied to an auditor. Boating accident meme is dumb. Coinjoins still have addresses and keys that control them.
Alan Siefert's avatar
Alan Siefert 11 months ago
This is the unrealized gains tax or 6102 scenario. I would hope most people would give the middle finger over the requested addresses.
.'s avatar
. 11 months ago
I praise your casual buy kyc and DGAF spend it approach.
Alan Siefert's avatar
Alan Siefert 11 months ago
Not saying that’s a good approach. I agree that no-KYC purchasing is the way to go. Just stating that if given KYC BTC, I’d personally rather keep and mix it than concede the taxes to the government by selling it.
Alan Siefert's avatar
Alan Siefert 11 months ago
Nope. My personal preference would be to keep them and then face the music in a hypothetical unrealized capital gains tax or confiscation scenario rather than pay the government their cap gains taxes now by selling on a KYC exchange. To each their own. 🤙