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All Bitcoin transactions are happening on its blockchain. They do not require KYC, or permission, or paying a tax. Using non-custodial wallets, Lightning and Liquid networks help fool the Travel Rule. On and off ramps via CEXes are not obligatory. Sure, AML/KYC rules make it hard to buy something expensive with your bitcoin, but not impossible. Most people have low IQ...
Most people do not want to face prosecution for tax evasion.
In most western democracies spending Bitcoin as it was designed to be used, as a P2P payment protocol incurs tax on any CG made since that Bitcoin was acquired.
Most people will not and do not want to risk prosecution.
Sure you can evade the tax, but most people don't want the risk and hassle....the vast majority of Bitcoin is now KYCed and taxed.
the vast majority of Bitcoin is now KYCed and taxed.
No. The vast majority of PEOPLE is now KYCed and taxed.
Nope- the vast majority of Bitcoin ever issued is now KYCed and taxed.
Denying it does not refute it.
It is the reality.
Nearly all trading goes through CEXes.
Bitcoin is not a "client" (the "C" in the "KYC"), what the fuck you are talking about? CEXes trading volume is in paper bitcoin, it only becomes real when withdrawn to your own non-custodial wallet. And no, those withdrawn coins do not carry your KYC attached to them, this is ridiculous. Anyone can peg any "tainted" UTXOs into Liquid BTC completely free and anonymously, to then swap them back to other BTC UTXOs at Boltz or with us.
Yes, when you sell 1 BTC at a CEX they ask to see "source of funds". But you can buy 1 BTC legally with a statement, then sell 1 BTC at 10 different exchanges, 1 per each, showing the same one statement. And if you move your tax residency to Dubai or Tbilisi, you can sell your stash 100% tax free. It is harder to do if your only passport is USA, but still there are ways.
'There are ways'
They all involve some risk and or inconvenience so the vast majority of people don't use them.
Nearly all trading is KYCed and taxed.
Note- if you have purchased BTC on a CEX your tax department know how much and when you purchased.
CEXes report to the tax department.
Why would you expect it to be easy? Empires don't die without fighting. I don't give a damn about majority. As I said, IQ test. Those who want will figure out the way. Those who are scared will remain slaves.
Yes, most people are sheeple and slaves.
That is unlikely to ever change.
The vast majority of BTC transactions are now KYCed and taxed.
To avoid them is to risk criminal prosecution.
Most people do not want to take that risk.
Every zap on SNs with sats is likely in breach of tax rules.