Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.”
If the government in your country were to exercise a similar order against #bitcoin, anyone who bought bitcoin via a KYC source would be an easy target for confiscation. The excuse that you ‘lost it in a boating accident’ isn’t going to get you far when under duress from a three letter agency. Tax agencies worldwide put the onus on the individual to prove innocence, it isn’t for them to prove that you haven’t paid tax.
Coinjoin can obfuscate the final address of your coins if you practice good postmix spending habits, but this does not change the fact that they know exactly how much you bought and when you bought it.
bitcoiner.guide/nokyconly #noKYC
/ noKYC ⚡︎
npub1um…nzp4e
2023-08-16 11:49:15
Author Public Key
npub1um8xz4pjtd2wd8y50rzxeufgfcyn77gwvk9k5u8emahw6f67x3zqmnzp4ePublished at
2023-08-16 11:49:15Event JSON
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"content": "Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.”\n\nIf the government in your country were to exercise a similar order against #bitcoin, anyone who bought bitcoin via a KYC source would be an easy target for confiscation. The excuse that you ‘lost it in a boating accident’ isn’t going to get you far when under duress from a three letter agency. Tax agencies worldwide put the onus on the individual to prove innocence, it isn’t for them to prove that you haven’t paid tax.\n\nCoinjoin can obfuscate the final address of your coins if you practice good postmix spending habits, but this does not change the fact that they know exactly how much you bought and when you bought it.\n\nbitcoiner.guide/nokyconly #noKYC",
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