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by SturgeonsLaw 1490 days ago
Miners might be happy to pay a premium to get non-KYC coins
3 comments

True, there might be tax reasons too even if they don't care about KYC.

Although most miners will know people who they can trade face to face with if they don't care about taxes and don't want KYC.

Sounds... sketchy? I'm not sure how that would assuage the risk adverse accountant
> I'm not sure how that would assuage the risk [averse] accountant

If the accountant's salary depends on being assuaged, this should hardly be a problem: the accountant will then just tell you that he does not believe this to be a good idea, and give reasons for his judgement.

That's an expensive premium. How much is a crisp benj worth compared to a gently used one, laced with trace amounts of cocaine?
A crisp benj is worth about 21% extra (the typical tax rate of a business). :)