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5 sats \ 2 replies \ @SwapMarket 2h \ parent \ on: The under 16 ban is just the beginning... privacy

All Bitcoin transactions are happening on its blockchain. They do not require KYC, or permission, or paying a tax. Using non-custodial wallets, Lightning and Liquid networks help fool the Travel Rule. On and off ramps via CEXes are not obligatory. Sure, AML/KYC rules make it hard to buy something expensive with your bitcoin, but not impossible. Most people have low IQ...

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5 sats \ 1 reply \ @Solomonsatoshi 2h

Most people do not want to face prosecution for tax evasion.
In most western democracies spending Bitcoin as it was designed to be used, as a P2P payment protocol incurs tax on any CG made since that Bitcoin was acquired.
Most people will not and do not want to risk prosecution.
Sure you can evade the tax, but most people don't want the risk and hassle....the vast majority of Bitcoin is now KYCed and taxed.

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5 sats \ 0 replies \ @SwapMarket 1h
the vast majority of Bitcoin is now KYCed and taxed.

No. The vast majority of PEOPLE is now KYCed and taxed.

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