Present and Future of Bitcoin [2025]

Investing / Cryptocurrencies
392

Securities stuff like insider trading indeed doesn’t apply in many cases*. That said fraud is still fraud even if the current current US administration deprioritized prosecuting it.

Fun fact, in the US folks are pushing to regulate crypto through the CFTC (which does commodities and futures), and for commodities and futures insider trading is kinda allowed. In fact in some sense the original intended trader of e.g. futures was an insider (e.g. a company consuming the commodity in their production processes, or a farmer producing some crop).

1 Like
393

Too early to celebrate 100k again?? :joy:

4 Likes
394

My KYC-free labled UTXOs are just 8% of the total holdings. (Those I’m pretty sure have no traces to a credit card, KYC, IPs etc.)

I’d like to increase that to at least 25%.

How would you do that? Any practical experiences? Whirlpools, via L2s?

(For new ones I’ll try vexl, hodlhodl and orangepillapp)

395

Hmm, what do you mean exactly by this and how to verify what is KYC-labelled? A link would suffice.

396

I labled them “KYC free” in Sparrow. It’s just locally. I cannot verify it now, but at the time I was sure it was “clean” (e.g. BTC ATMs or some defi swapping long time ago).

397

L2: swap them into Lightning with RoboSats (or Boltz), then swap out again.

But the harder part is explaining where your KYC coins went (with documentation), if you don’t want to tell anyone about the non-KYC coins. The “boating accident” story will not suffice in most scenarios.

1 Like
398

I’ll declare them as usual :sweat_smile:. Nobody asked me for an address so far… just the total (and resonable change from year to year).

399

If you’ll be declaring everything, what’s the advantage of non-KYC coins? Like, who do not want to know they’re your coins? A bank or exchange? An unknown third party?

Because it will be harder to go the other way later. If you want to sell non-KYC coins on a regulated exchange, you can’t just claim they were always yours, you may have to prove provenance.

400

That’s why 25% and not all. Maybe the time will come that having KYC free coins will be an advantage. Just in case…

401

Yes. It’s on my list, but in connection with liquid and sending out to Aqua wallet. But I think it doesn’t matter if Liquid or Lightning, maybe fee wise.

402

Boltz does up to 0.25 BTC in one junk, for 0.5% fee

RoboSats has varying limits and fees, but around the same usually.

Both work reliably in my experience. Test with small amounts first, then increase, per usual :wink:

coinos.io works fine as well, but is custodial, and I wouldn’t abuse it for huge amounts.

1 Like
403

Many thanks. I didn’t know about coinos.io.
0.25 BTC would be too big for my gusto… I suppose blitz hasn’t any liquidity issues, but anyway. I’d go with varying 0.01 - 0.1 chunks. I have time.

404

Hm, there must be a way to buy freshly mined BTC with … BTC. Maybe one of the mining as a service platforms? Should be straightforward to check that they are, in fact, new coins.

405

You can also use Wasabi wallet, which does repeated coinjoin transactions, the UX is quite simple.

Since it does repeated L1 transactions, the fees can add up (you can set limits, of course).

Works fine in low-fee times.

1 Like
406

not bad idea… I know some miners.