Is buying non-kyc worth it?

I'm debating if I should buy kyc or non-kyc.

Kyc Pros:

  1. Ease of use
  2. Low fees

Kyc Cons:

  1. Doxxing my stash to exchanges, govs, and third parties (chain analysis firms)
  2. High hypothetical risks later (gov crackdown)
  3. Taxes

Non-kyc Pros:

  1. Privacy
  2. Safety in the event of a worst-case scenario (gov attack)
  3. No taxes

Non-kyc Cons:

  1. High fees & privacy premium
  2. Hassle to use

Non-kyc seems like a lot of trouble on top of a premium that's only rewarded in a worst-case scenario. However, if the gov attacks Bitcoin, it's the superior option. Also, I have no problem paying taxes. I'm simply saying high taxes are a potential attack vector. Ultimately, I feel like I'm betting on if the future will be hostile or friendly to Bitcoin. If friendly: kyc. If hostile: non-kyc.

Alternatively, I'm thinking of buying kyc and if anything bad happens, switch to non-kyc (2 separate stashes). Thoughts? My plan is to treat Bitcoin like a savings account. Hodl and that's it. I'll probably never use or move my coins for 10+ years.



Submitted May 31, 2023 at 12:32PM by _Ad_Astra_Abyssosque https://ift.tt/ydrIFY9

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