Replies (14)
If you have purchased KYC Coins, you don't delete all information. Not even with Coinjoins. ;)
You remove the trace though, so even if the exchange knows you have purchased btc in the past, they can't trace where you're sending it.
And I unfortunately lost my seeds :(
That's true.
But if the exchange knows about the Sats, then so does the govermant. And that is a problem. 😞
Sure, but they only know that I sent them into a coinjoin. I may or may not have sent them back to myself.
So in that case you will just be taxed for it all.
Also true. But the government is not interested. They just want to keep collecting robbery money.
Socialists
That will probably be the next attack vector.
Maybe I'm wrong.
I buy btc, I then immediately send it into a coinjoin, I pay taxes on the ten cents gain. You're right. They got me.
Seems like you are already very much lost.
I know how capital gains work. What am I missing?
‚Being taxed’ imo is the softest way a government can react.
Suddenly you are in focus and your life is destroyed faster than you can say: ‚Please take my 10 cents‘.
How can you pay ANY merchant with that logic? How do I know my merchant isn't doing exactly that? How can anyone pay anyone P2P with that logic? I guess that's it for bitcoin. We all need to switch to monero.
E.g. with non-kyc bitcoin and joinmarket or 1-2 ecash-‚hops‘.
They can do what they want.
My name is not connected to them and not to find in their database or on their clientlist.
Surely there are some more steps needed to be fully private in most cases but the most important thing imo is to buy kyc free and then coinjoin.
So assuming they follow everything they can trace, what remains can raise suspicion in just the same way. Also, the elephant in the room is that none of this scales if you want to benefit from large amount of coin.
