I think you missed the point of the conversation.
Bitcoin is the absolute best way to truly own property and protect against the devaluation of currencies.
But the cypherpunk dream of private money is gone. There are no more and will never be more Silk Roads. Bitcoin has no privacy on the base chain, the opposite in fact, it’s a public ledger.
Now that bitcoin is no longer in its infancy governments and agencies track every wallet and transaction and control the on and off ramps.
If you own bitcoin and believe that it will continue to grow in value then you better be prepared for that future. Keep every record and receipt because they will come for you eventually and they will get their cut so be ready.
A non KYC stash will be radioactive. You might be ok with a small amount but a lot and you might as well be a drug cartel stuck with millions that you have to do something with.
Avoid that. Keep records. Pay your taxes. If you want privacy then use something that is private like monero.
GHOST
npub18d…lh8x3
2024-07-26 02:32:10
in reply to nevent1q…438l
Author Public Key
npub18dlusgmprudw46nracaldxe9hz4pdmrws8g6lsusy6qglcv5x48s0lh8x3Published at
2024-07-26 02:32:10Event JSON
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"created_at": 1721961130,
"kind": 1,
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"content": "I think you missed the point of the conversation. \n\nBitcoin is the absolute best way to truly own property and protect against the devaluation of currencies.\n\nBut the cypherpunk dream of private money is gone. There are no more and will never be more Silk Roads. Bitcoin has no privacy on the base chain, the opposite in fact, it’s a public ledger. \n\nNow that bitcoin is no longer in its infancy governments and agencies track every wallet and transaction and control the on and off ramps. \n\nIf you own bitcoin and believe that it will continue to grow in value then you better be prepared for that future. Keep every record and receipt because they will come for you eventually and they will get their cut so be ready. \n\nA non KYC stash will be radioactive. You might be ok with a small amount but a lot and you might as well be a drug cartel stuck with millions that you have to do something with. \n\nAvoid that. Keep records. Pay your taxes. If you want privacy then use something that is private like monero.",
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