Quote from: n0nce on Today at 11:13:53 PM

Quote from: LFC_Bitcoin on September 08, 2021, 02:43:11 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"

Probably so they don’t have to pay taxes on profits. I know that I would love to avoid paying tax on bitcoin when I sell. I’ve been HODLING many coins for over 7 years, it doesn’t feel fair that I should have to pay 20% tax on profits.

I'm wondering though, how you'll want to cash out millions of dollars, euros, etc. in a couple years without the authorities noticing. It's better to pay 20% taxes than landing in jail or only being able to spend tiny fractions of your holdings at a time to remain 'low profile'..

It is impossible to cash out huge amounts without the authorities knowing. The best option is always pay the taxes and live peacefully as you are not going to get away with it and the pressure of doing these illegally will make anyone weak mentally. You can withdraw small amount within the limit and the authorities will not come chasing but with huge amounts there is no way you can get away.

There are ways but what is the end result if you set up a company in free heavens, the risk is higher and if there is any investigation then you will be caught either way.