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A dead wallet has better use for Bitcoin though. We don't know where the Bitcoin has come from, so it needs to go through extensive anti money laundering check
by colesantiago 18d ago
A dead wallet has better use for Bitcoin though.
We don't know where the Bitcoin has come from, so it needs to go through extensive anti money laundering checks.
Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.
- done_lurking 18d agoIn what country does a bitcoin donation need to go through an "anti money laundering check"? Also, you could pay a lawyer 100k to handle the taxes and accounting and you would still have 700k left over.
- colesantiago 18d agoAny country which bans Monero and their mixers being sent to exchanges which are then flagged by OFAC on tainted cryptocurrencies. Nah, you would have a lot more to pay in taxes. Might as well send it to a dead wallet, it's not real money anyway in many countries as legal tender.
- done_lurking 18d agoAs I understand, those legislations are imposed on the exchanges, not the individual. The Neovim team doesn't have to do any extra work to verify the integrity of the bitcoin. You're right about the taxes, but even after taxes it would still be more than worth your time to exchange for fiat. Bitcoin is not real money nor legal tender in any country AFAIK, but I don't see how that makes it worthless. You could say the same thing about almost anything that isn't fiat, yet people liquidate non-fiat assets into fiat all the time. I'm not sure how you came to the conclusion that it should all be sent to a dead wallet.
- TaLiTr 17d ago> it's not real money anyway in many countries as legal tender. That might be true, but that doesn't matter. In Canada crypto is a barter good, both parties just need to decide fair market value.
- AIiscoming 18d agoFair enough How about they use the bitcoin to donate?