Beerborn on Nostr: I still don't understand. Are you planing a fiat-shitcoin-fiat trade, a ...
I still don't understand. Are you planing a fiat-shitcoin-fiat trade, a Bitcoin-shitcoin-fiat trade, a Bitcoin-shitcoin-Bitcoin trade, a shitcoin-shitcoin-bitcoin trade?
I get the part of buying KYC and selling p2p, you might be able to arbitrage the spread for gains (you'd probably need to use bots to make sure your transactions are fast to not lose on the price action).
Still, there will be a trace of shitcoin in from KYC exchange, shitcoin out somewhere else. You can argue you just sent it to another wallet you control, but then you'll need to prove you control the other wallet. If you use chains that use a wallet model "à la Ethereum" then it's even worse than a utxo model for that matter.
If you're thinking on how to avoid taxes, don't think about what the gov can or does today, but what might do/will be able to do in the next 10-20 years. As adoption increases and computation gets cheaper those traces will be traces will be trivial to follow by taxmen bots.
Just my 2 sats
I get the part of buying KYC and selling p2p, you might be able to arbitrage the spread for gains (you'd probably need to use bots to make sure your transactions are fast to not lose on the price action).
Still, there will be a trace of shitcoin in from KYC exchange, shitcoin out somewhere else. You can argue you just sent it to another wallet you control, but then you'll need to prove you control the other wallet. If you use chains that use a wallet model "à la Ethereum" then it's even worse than a utxo model for that matter.
If you're thinking on how to avoid taxes, don't think about what the gov can or does today, but what might do/will be able to do in the next 10-20 years. As adoption increases and computation gets cheaper those traces will be traces will be trivial to follow by taxmen bots.
Just my 2 sats