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0 sats \ 9 replies \ @sommerfeld 27 Nov 2022 \ parent \ on: Explaining to your employer the benefits of accepting bitcoin bitcoin
Voluntarily tying UTXOs to your IRL identity seems like a good way to be tracked and controlled regardless of whether you sell for fiat or not.
Taxes is not the only threat, everyone is out to get you.
Are you saying privacy is not important?
A government can mark your utxos as tainted and decrease their fungibility/salability.
come and get it if you can...
another bullshit word: "tainted coins"... there's no such thing.
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Then you don't have a very adversarial mindset.
You are basically choosing to ignore the problem for convenience's sake, thinking that walking naked on the supermarket is going to end well for you.
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Why is so bad walking naked in a supermarket?
If you do not like to see me naked, don't watch.
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There is no freedom without privacy.
If you don't think it's important, good luck with that...
I have a feeling deep down you don't really think like that and if I dig deep enough, I would find evidence of that in your blog.
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You are way more nuanced there than in your comments here. At least you recognize the need for 2 identities.
Buying kyc bitcoin is using your public identity.
Coinjoining is a good tool to have but the exchange/broker/bank/government still knows how much you bought.
Your answer to that is telling them to fuck off which is imo short signed, specially when you could have avoided the whole problem by acquiring the bitcoin peer to peer.
Sure p2p is not perfect non-kyc, but a powerful adversary would still need to track down all your potential trade peers and coerce them to give up whatever data they might have on you. It's certainly a good extra layer to have and it does not cost that much.
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I will give 1 BTC if you can trace me back from where I bough on KYC exchange, who am I in reality and where I live, from a simple LN payment of 100 sats.
Be my guest to find out if you can.
And once you came to my door I will still tell you fuck off, is not your damn business what am I doing with my money.
This is the whole point in knowing how to use and when to use your private and public identity.
But people nowadays, don't know the difference between those two.
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Cool offer but I'm not the adversary you should be mindful of.
You bought those coins with you private identity and you spend them with your public identity. The information to link those 2 is out there.
If you really didn't care, you wouldn't have bothered coinjoining in the first place.
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Maan, I am using Bitcoin from 2012 in all kind of things... I tested almost all apps.
I was conjoining also a lot in the past.
I bought BTC from any source, no matter was KYC or not.
I really don't care, BECAUSE I NEVER SELL.
But now we have LN. I don't need anymore to do coinjoining.
Read my guides, I wrote several.
Spending only on LN protects you more than coinjoining.
Using the 3 levels stash protects you.