frbitten on Nostr: The State already has your bank details, your salary income and other information. It ...
The State already has your bank details, your salary income and other information. It has your expenses in stores, your retirement. Knowing whether or not you bought BTC is the least of your problems. Now, if you need to hide money from the State for some reason, that's another matter, but that case is the exception and most people who worry about KYC don't do that. -- A lot of effort is wasted on something that isn't important to most people. They even put the concern about KYC above BTC, how to store BTC and their own protection.
Published at
2024-12-28 11:43:55Event JSON
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"content": "The State already has your bank details, your salary income and other information. It has your expenses in stores, your retirement. Knowing whether or not you bought BTC is the least of your problems. Now, if you need to hide money from the State for some reason, that's another matter, but that case is the exception and most people who worry about KYC don't do that. -- A lot of effort is wasted on something that isn't important to most people. They even put the concern about KYC above BTC, how to store BTC and their own protection.",
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