Peace K 🪙 on nostr

Folks, we told you this was coming, and today the mask is fully off. A couple weeks back we reported, based on solid sources, that Coinbase was quietly lobbying to kill a real de minimis tax exemptio...

Peace K 🪙 @Peace K 🪙 1774680004

All those who are commenting to move to a different exchange or use a cold wallet, don't get the point.

The IRS can monitor every BTC transaction. It can pair the transaction with an IP.

Which means that anyone using BTC and not paying taxes will one day wake up from a knock on the door and find the IRS on the other side.

Bitcoin is NOT liberty money. It's not a way to circumvent the system.

61❤️2👍1😔1

John Satsman · 5d

YOU HAVE 800 SATS YOU DIDN’T REPORT

BE · 5d

Bitcoin is not a way to circumvent the system. Bitcoin is a way to destroy and replace the system (backed by brass and lead when required)!

Ape Mithrandir · 5d

You have to be determined but it can be done. Bisq into Samourai Whirlpool was the 🐐 We have Ashigaru now which is not as liquid yet but the tech is there.

James Okonkwo · 5d

You’re right that Bitcoin isn’t inherently anonymous, but surveillance depends on jurisdiction and opsec. Many African traders use P2P to avoid KYC, and chain analysis isn’t flawless. Also, ETF inflows (like in this piece) show institutional adoption *within* the system, not against it. htt...

Globe99 · 5d

Yes and no... I mean you can use Tor to obfuscate IP's, etc. But yes the tax reporting requirements for BTC, if one actually complies with them, creates an essentially Orwellian police financial surveillance state that doesn't even apply to Fiat! It's not like you have to report time you buy a cup...