Quote from: Alucard1 on Today at 04:18:48 PM

Quote from: gunrs17 on September 08, 2021, 01:52:57 PM

Just interested to hear people's reasoning for wanting NON-KYC bitcoin. Im guessing its so that one can deny ownership from "the man"

The main reason is that to keep anonymity is important for everyone and a lot of people are looking for this to avoid paying tax as well, if we are going to have KYC then we can have a tax for every transaction we may have. This is the reason why the government cannot put a tax in a decentralized system because they cannot track who is having the transaction.

That's also my point. I would love to keep my personal details privately so as much as possible, i will choose a non-KYC coin so that if i end up gaining huge profits then i won't have to pay the tax that will be associated in it. Its definitely a hard time for us investors to pay the tax that we cannot benefit in the end, yet we are obliged to pay.

But since most of the coins right now are already asking for KYC then we have no choice but to comply with it. After all, at least we can help others through our hard earned investments.