It is a call option on your government's ability to take your stuff.
It's worth something, just not to you.
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10 sats \ 1 reply \ @PRA3S3NT1A 27 Mar 2024
Fortunately most countries still got cash which makes easy to escape from the control maniac government
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0 sats \ 0 replies \ @linkinparkrulz OP 27 Mar 2024
Cash is a great tool, we should all use it more in our day to day lives
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31 sats \ 2 replies \ @m00ninite 27 Mar 2024
Funny, my kycd coins have a lot of value to me 🤔
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0 sats \ 1 reply \ @linkinparkrulz OP 27 Mar 2024
It'd be a shame if something happened to anything you own in the future as a result of recorded purchases.
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0 sats \ 0 replies \ @m00ninite 27 Mar 2024
Sure would.
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121 sats \ 2 replies \ @mrcrown 27 Mar 2024
Fckers are already doing a good job of making it difficult. Those who are already familiar with Bitcoin know how to navigate around it. However, for upcoming new Maxi's, it's going to be difficult, and they might fall into the trap easily.
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130 sats \ 1 reply \ @DarthCoin 27 Mar 2024
But we already have 90% of BTC in circulation. Enough to start a bitcoin circular economy.
I still do not understand why people do not start demanding to be paid in BTC and not buying it anymore.
https://i.postimg.cc/sXr5MdtV/PAY-ME-BTC.jpg
Or if they are entrepreneurs just create something and sell it only for bitcoin.
https://i.postimg.cc/B6vjDQvF/LN-chad-adoption.jpg
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0 sats \ 0 replies \ @linkinparkrulz OP 27 Mar 2024
👍
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20 sats \ 1 reply \ @gojira9000 27 Mar 2024
Sir or ma'am, I lost my seed plates down a storm drain when I tripped and fell on my way to pay my income taxes.
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0 sats \ 0 replies \ @linkinparkrulz OP 27 Mar 2024
That's okay because we know you purchased around 2.1 btc from Swan in 2022. At the moment, those bitcoin are worth roughtly $140,000.
How would you like to pay? You don't need to give the bitcoin to us? We like fiat, so maybe you could sell your vehicles before we put a lien on them?
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0 sats \ 0 replies \ @m00ninite 27 Mar 2024
I just don't see how you could possibly live on a bitcoin standard without kyc coins. What happens when you want to buy a house? Are you going to spend the time finding thousands of buyers to take your coins? You'll end up labelled a money transmitter if the feds find out. Which they will when those funds hit your bank account before being turned into a mortgage loan or whatever.
It's a cute larp, and most people should have at least some KYC-free coins, but I just don't get how that scales when you need to spend/sell bitcoin in the 5, 6, or 7 figures range.
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0 sats \ 0 replies \ @guts 27 Mar 2024
I'm ok of Bitcoin is used for politicians.
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0 sats \ 3 replies \ @kevin 27 Mar 2024
Yes. That's why you can sell it for... $69200 at the moment.
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0 sats \ 2 replies \ @linkinparkrulz OP 27 Mar 2024
You should do that, erase the record of purchase. And buy kyc free.
Hopefully the cap gains aren't too tough to swallow.
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0 sats \ 1 reply \ @kevin 27 Mar 2024
Or I could just send it to liquid, send it around a few times and send it back to bitcoin proper 🤷♂️ - maybe even via lightning!
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0 sats \ 0 replies \ @linkinparkrulz OP 27 Mar 2024
Thanks for clarifying your level of understanding.
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0 sats \ 3 replies \ @frostdragon 27 Mar 2024
The government has full control and visibility of the exit ramp. Like - what are you using to buy bitcoin? A debit card? A bank account? How many of us are paying with physical cash?
At some point you're converting USD to bitcoin, and you're probably doing it electronically. If the government really wants to criminalize bitcoin and confiscate everyone's keys, can't they just look at your bank account to see if you've ever paid for bitcoin? Isn't that all they really need to know to investigate you?
The essential properties of money don't include privacy. Bitcoin is literally a public ledger. 🤷🏻♂️
But none of that matters because of how easy it is to prevent anyone, including the government, from stealing your keys.
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0 sats \ 2 replies \ @linkinparkrulz OP 27 Mar 2024
Why does everyone think they want your stupid bitcoin? They will take ANY of your assets to foot the bill.
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0 sats \ 1 reply \ @frostdragon 27 Mar 2024 freebie
Then you're talking about full on civil unrest at this point, if not the complete downfall of the United States... Doesn't seem like they'd self sabotage like that.
And again, that doesn't really fix the "infeasibility of non-KYC" issue anyway.
111 sats \ 38 replies \ @Darthcoin_Cash 27 Mar 2024
True, Bitcoin in its current form can be used to create the most horrible surveillance nightmare on the planet. Monero fixes this (as bitcoiners sadly wont).
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56 sats \ 1 reply \ @DarthCoin 27 Mar 2024
scammer, shitcoiner
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11 sats \ 0 replies \ @Darthcoin_Cash 27 Mar 2024
lol man, how old are you?
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21 sats \ 28 replies \ @PRA3S3NT1A 27 Mar 2024
😂 Pray for this guy 🙏 Such an illness can cause permanent damage
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1 sat \ 27 replies \ @Darthcoin_Cash 27 Mar 2024
so, you think your gov can not take your kyc'ed coins?
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33 sats \ 26 replies \ @PRA3S3NT1A 27 Mar 2024
I was trying to point to your monero statement ...
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1 sat \ 25 replies \ @Darthcoin_Cash 27 Mar 2024
so monero does not fix this?
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0 sats \ 18 replies \ @om 27 Mar 2024
how can it fix anything with MC less than PEPE and dogwifhat, not to mention such blue chips as SHIB?
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0 sats \ 5 replies \ @PRA3S3NT1A 27 Mar 2024
I am not sure what monero fixes since I am not an expert of private coins. I also do not know how to verify these coin's privacy approach. By the way if we are already discussing this, could you tell me how can be verified the supply of Monero if the balance of addresses are unknown ? To continue, have you checked the performance of monero compared to btc ? I believe monero is rather a tool than a currency. Again you may know much more about this topic however this is how I see it. Feel free to correct me.
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0 sats \ 5 replies \ @guts 27 Mar 2024
You are brave typing the word Monero on a Bitcoin community.
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1 sat \ 3 replies \ @linkinparkrulz OP 27 Mar 2024
That shouldn't be considered brave. You should be able to have honest discussions that include other coins.
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110 sats \ 2 replies \ @Darthcoin_Cash 27 Mar 2024 outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
1 sat \ 0 replies \ @Darthcoin_Cash 27 Mar 2024 outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
0 sats \ 0 replies \ @linkinparkrulz OP 27 Mar 2024 freebie
If you buy your Monero on Kraken, then you'll encounter the same issue.
Monero guys need to chill the fuck out when it comes to bitcoin, just be happy bitcoin gives you liquidity.
A Monero spender