If we don't get a Bitcoin black market, all Bitcoin will be KYC, they are already doing it with the travel rule.
In the near future stores, both physical and online, will be required to report who has paid with Bitcoin, and who has paid with Bitcoin as it is not considered money will have to pay capital gains in addition to VAT.
If they find out you have a big pile of Bitcoin, they may not be able to take your Bitcoin but they can take your house or put you in jail.
This is why it is important to create a black market, if you can subsist outside the state you no longer need them, they are the ones who will have to lower themselves.
Cyph3rp9nk
npub1ln…arrnt
2025-01-06 19:05:44
Author Public Key
npub1lnms53w04qt742qnhxag5d6awy7nz6055flnmjkr6jg39hm86dlq7arrntPublished at
2025-01-06 19:05:44Event JSON
{
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"pubkey": "fcf70a45cfa817eaa813b9ba8a375d713d3169f4a27f3dcac3d49112df67d37e",
"created_at": 1736190344,
"kind": 1,
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"content": "If we don't get a Bitcoin black market, all Bitcoin will be KYC, they are already doing it with the travel rule.\n\nIn the near future stores, both physical and online, will be required to report who has paid with Bitcoin, and who has paid with Bitcoin as it is not considered money will have to pay capital gains in addition to VAT.\n\nIf they find out you have a big pile of Bitcoin, they may not be able to take your Bitcoin but they can take your house or put you in jail.\n\nThis is why it is important to create a black market, if you can subsist outside the state you no longer need them, they are the ones who will have to lower themselves.\n\n",
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}