Lucky Kite on Nostr: The govnt can and does monitor all transactions via KYC and capital gains tax laws. ...
The govnt can and does monitor all transactions via KYC and capital gains tax laws. Of course you can break the law, but Bitcoin isn't goign to help you do that easier than fiat cash does. The govnt has made laws that require Bitcoin transactions to be transparent, and its very very difficult (and also illegal) to prevent that transparency without risk of jail (at least in UK) or doing something radical like move to El Salvador. Max Keiser moved to El Salvador because he knows Bitcoin is not lawfully private in UK and US (he lived in both). He knew the writing was on the wall and got out with his fortune before the govnt comes for it. And it will.
Published at
2024-05-22 13:43:13Event JSON
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"content": "The govnt can and does monitor all transactions via KYC and capital gains tax laws. Of course you can break the law, but Bitcoin isn't goign to help you do that easier than fiat cash does. The govnt has made laws that require Bitcoin transactions to be transparent, and its very very difficult (and also illegal) to prevent that transparency without risk of jail (at least in UK) or doing something radical like move to El Salvador. Max Keiser moved to El Salvador because he knows Bitcoin is not lawfully private in UK and US (he lived in both). He knew the writing was on the wall and got out with his fortune before the govnt comes for it. And it will.",
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