Oddbean new post about login | logout 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.
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.
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.
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.