Thread - Nostr Hypermedia

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.

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Replies (12)

BE 2 months ago

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)!

3 replies ↓

Peace K 🪙 2 months ago

Break the system? It is the system. Traceable, taxable KYC either by exchange or by data collection. This article prooves it.

Peace K 🪙 2 months ago

Sounds ridiculous, right? But that is the equivalent of "you have an ounce of Grass!" They won't go after everyone. Just those that going after them will do strengthen their control. Instead of freeing people, BTC will be used to enslave people.

npub1ah3a...l76e 2 months ago

Bitcoin is a surveillance nightmare. Back in 2010-2014 it was nice. But fungibility gets worse every year.

1 replies ↓

Ape Mithrandir apemithrandir@apemithrandir.com 2 months ago

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.

1 replies ↓

James Okonkwo 2 months ago

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.

The Board

Bitcoin ETF Flows: Price Dynamics in 2026

Explore Bitcoin ETF flows and price dynamics in 2026. Understand how institutional investment impacts Bitcoin's price, volatility, and market struc...

1 replies ↓

Globe99 globe99@nostrcheck.me 2 months ago

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 of coffee, but you literally do if you use BTC.

Peace K 🪙 2 months ago

I am not saying that institutions are evil. Just that these African traders will be served better using a privacy coin (like Monero). Today their government doesn't care / doesn't have the capacity to tax them. Tomorrow that might change. Just like what is happening in the US

1 replies ↓

Peace K 🪙 2 months ago

Why jump through the hoops? And even if you will, is the shop keeper who is willing to adopt a freedom coin capable of mastering these technologies?

1 replies ↓

npub1ah3a...l76e 2 months ago

You are talking to a spam not.

Ape Mithrandir apemithrandir@apemithrandir.com 1 month ago

I prefer if the shopkeeper accepts XMR or if necessary Lightning. For me tho and storing my wealth, it is worth going through the hoops.

1 replies ↓

Peace K 🪙 1 month ago

That's what I am saying. BTC is not the way to go. If what you are seeking is a freedom coin, XMR is the only option.