FREE! 20-minute privacy training video >>>

Privacy and Cryptocurrency.

As you know, I teach people privacy because I am passionate about freedom.

And cryptocurrency is another way that we can protect both.

I sat down today to record a video that explains what is coming financially to our world, how the governments are planning to lock us down, and how we can protect ourselves with cryptocurrency.

Please note that nothing in this video should be considered financial advice. With that disclaimer out of the way, here is today’s video. Enjoy.


38 thoughts on “Privacy and Cryptocurrency.”

  1. I paid something like $30.00 and did not have my bank account frozen. I keep hearing people online saying “If a Canadian donated more than $10.00. Just sharing a fact with you. I may have been a lucky on but I personally haven’t heard of anyone who had their accounts frozen. I’m just mentioning this for fact and trust in terms of what your listeners. This is awesome information you are sharing. Thanks

  2. Hello Glenn,

    Having sent BTC into a non custodial wallet from a KYC wallet (which has my usual email address) and then exchanging it for Monero, how private is this transaction?

    Thank you, Chris

  3. All this sounds really good Glen but what if there is no internet anymore e.g. power outages.
    Love your lessons on privacy.
    Kind regards Margareta

  4. Thanks for sharing, Glenn.
    It’s all still a bit confusing but starting to understand cryptocurrency a bit better.
    Definitely sounds better to just get started rather than learning only and do nothing.
    Learned a lot. Thanks again!

  5. Judy from Australia here Glenn. I will need to revisit your suggestions with the private option exchange, and retrace your steps. Is there a list of businesses willing to transact in Monero? I have already forgotten the name of the what I think is called a stable coin, you mentioned. I assume it retains it value. My recent experience is that most of my Crypto has lost lots of value so I concur that it isn’t necessary a good investment. It would be much better to treat Crypto as a more private way of transacting v making money. I drives me crazy that you’ve got Crypto traders selling their programs, and people like Teeka wanting thousands of dollars for their picks. I can’t help but think that treating Crypto as a get rich scheme with computer programming performing trades to get rich (v contribute value) leads it open to being manipulated by people who see those get rich people, and those they seduce as good targets for controlled demolition of the sector, and freedom.

  6. 01. The US will eventually adopt a CBDC. However, a deployment time frame of a few months to a couple of years is too quick for a solid, dependable, hardened system. I would say more like 3 to 10 years. First the CBDC will be offered with incentives to the poor and those on any kind of welfare or social security as a way for them to survive. Then you will be told that you will get discounts for using it to pay utilities and government fees and taxes. If you have a business then you will be forced to accept it or face fines or jail time. If you have cash you will get perhaps a 1.10 to 1 ratio of CBDC for cash if you exchange it at a bank (a nice incentive of 10% or more for those that act within the given time frame). For those that have gold or silver the incentive might be even higher for a trade in. After a few years it will overcome all other forms of currency or money usage in the country. Then, eventually you will get a lifelong discount on utilities or taxes or services if you implant a CBDC chip in your wrist or hand. The chip will make it easy for you to exist in a world of overly complicated paperwork, processes and procedures. When you die your obnoxious funeral costs will be deducted from your chip and perhaps, if your family has a history of being good little girls, boys and others (pick your pronoun), they might get whatever is left over minus an obnoxious processing fee.

    02. The process you described to acquire Monero will work fine. But here are some issues as follows: There is no point (privacy wise) in going from LTC to BTC then from BTC to XMR unless there is no LTC/XMR trading pair offered at the decentralized exchange.
    The moment any tax paying US individual makes a crypto transaction of any kind then that transaction creates a legal obligation to notify the IRS when filing that year’s tax return (don’t worry the IRS makes it super easy by asking you an all encompassing crypto related question which you must answer on your tax return). The moment LTC is exchanged for BTC then that creates a taxable event which the IRS will see. The moment that BTC is exchanged for XMR then that also creates a taxable event that the IRS will see. So far that is three tax reportable events that the IRS will see (USD to LTC, LTC to BTC, BTC to XMR) and eventually follow up on unless the person making those transactions files the correct tax return in the year the transactions took place. The IRS currently has the software to track all of the transactions listed above.

    After moving the XMR off of the decentralized exchange to a private XMR wallet it would be best to send the XMR to a completely different 2nd Super Private XMR wallet using various amounts (to simulate purchases which are also taxable events) spread out over a few weeks. All of these transactions (USD to LTC (a crypto trade), LTC to BTC (a crypto trade), BTC to XMR (a crypto trade), XMR to XMR (a crypto purchase) should be made in the same year so that only one tax return is affected and so that the gains or losses are minimal. It would be best to file the appropriate tax return in the year that all the transactions were completed. The XMR to XMR transactions are sell events which you supposedly received goods or services for. Thus, you have your super private Monero and filed the tax paperwork that the IRS expects to see. Don’t think for a moment the IRS will let you get away with never making use of that XMR that is supposed to be sitting in the 1st XMR wallet. The only acceptable excuse is that you’re hard drive crashed and you lost the seed key. But then you should file a tax return to report the loss. Better to file the tax return to report the purchase of an E-service or donation of some type.

    The 2nd Super Private XMR wallet is a wallet that is different than the 1st wallet and should only be accessed using the TOR network over a VPN. To make it even more private you should set up your own Monero node which will process all XMR wallet transactions via the TOR network over a VPN.

    The only problem with Monero is that it may, sometime in the future, be compromised by Quantum computers. If that happens then the IRS will be all over all XMR transactions and will be sending out some serious letters of collection (pay up or go to jail). Making use of the 2nd Super Private XMR wallet only via TOR over a VPN and only using the XMR for services, products or donations that can never be traced back to you is the only way to circumvent the Quantum computers. This process is a real hassle that most people can’t or won’t undertake. This is why I would not recommend it for those that won’t do what is needed.

    03. Technically, a better alternative to Monero is CloudCoin (no blockchain, no ledger, no accounts, uses shredding (quantum computer safe) instead of encryption, can be exchanged via email or encrypted file or embedded in pictures, no transaction fees, super fast and the lowest energy usage, …). The problems with CloudCoin are that it currently does not have good adoption because its creators are pathetic at marketing/sales, since it is not blockchain it has been extremely difficult to get US exchanges to list it and it currently has no working use cases because it is so flexible in its use that no real effort has been made by its creators to create a single legitimate high value case scenario. It sounds dumb but in a sense its super flexibility is currently a problem for it since it has no specific type of targeted use like most other high usage blockchain based coins/tokens.

    CloudCoin was developed by I suspect that this is the type of technology that will do very well in the future of computing privacy and anti-counterfeiting.

    Other related web sites are: (CloudCoin is open source)

    The only exchange that currently offers it is ( which does not accept US customers.

    04. When it comes to fully avoiding taxes the easiest (least amount of paperwork, administration and reporting), most affordable (no need for attorneys or CPA’s) and still highly profitable alternative that I have found is to make wise use of ROTH accounts (securities, crypto and precious metals). Real estate and other forms of investing (business ownership/partnership, etc.) is possible in specialized ROTH accounts but that requires much more cost, knowledge, paperwork, administration, reporting and attorneys/CPA’s. When looking for a job look for one at a company that offers 401K ROTH accounts. Also, open a regular ROTH IRA account which you fund in addition to the 401K ROTH account. When you move to a new job you can roll over the 401K ROTH account funds into your regular ROTH account. You get no privacy but you legally avoid paying any kind of tax in all 50 states forever. If financially possible convert your current IRA account to a ROTH account in such a way as to not move yourself into the next higher tax bracket since the conversion results in taxable income. If you have several thousand dollars in your IRA then it may take a few years to do it but it is worth it because the taxes that you paid for the conversion will be quickly made up in profits that will never be taxed. One of the bad things about most employee 401K accounts (IRA or ROTH) is that your investment options are limited to the funds the account offers. These funds have fees and obnoxious time sensitive rules about selling (no traders allowed). Regular non-401K IRA or ROTH accounts are not as limiting (trade securities, ETF’s, funds, bonds, crypto or precious metals). One of the great things about 401K accounts (IRA or ROTH) is that if you get sued personally then those accounts are legally protected from any kind of lawsuit. The only exception is divorce. However the same is not true of a regular non-401K IRA or ROTH account. It is possible that these assets might be subject to a lawsuit if you are personally sued. So, don’t do anything that will get you sued and don’t talk about how you invest.

    05. It is my personal observation that US citizens have very few, if any, legal privacy options when it comes to investing or fiat currency usage of any type. Due to accounting and reporting laws most non-US financial organizations (banks, exchanges (crypto/securities), etc.) want nothing to do with US citizens. Locally, it is becoming more common for businesses to refuse cash and only accept credit cards (CBDC here we come). These realities are only going to get worse as time passes. Even using real money such as gold or silver to purchase anything requires the user to disclose it on his/her tax return and pay an obnoxious tax on it if sale value minus basis value results in profit. Even barter is technically a taxable event. Basically, if we are not already criminals for taking steps to be free of financial tyranny then we will be in the not too distant future. There is no way around it other than a civil war or a global catastrophe that destroys the system as we know it. This is the reality of our current and future financial lives.

    06. Eventually the dollar will collapse and all dollars in all accounts will be worthless. All we can do is to prepare now as resources allow.

    I am not going to provide my contact information because the Monero related information that I provided is so sensitive and illegal, if acted on or not acted on depending on what is done and/or not done, that I don’t want to be questioned about it by anyone including the IRS.

    Thank you for reading. I hope the information is helpful.
    Mr. Privacy

    1. Wow! That was quite the reply. Thank you for your perspective.

      1. As far as timeframe, it’s hard to tell. But you are certainly right that it will get more hardened as time goes by. They will sell it to us by giving people things and making them more dependent upon them.
      2. To keep things simple for people, there are a lot of different cryptocurrencies, and there are different benefits and negatives with each. When you are on a trading site, such as TradeOgre or Kraken and you want to trade between different currencies, you have to look for trading pairs. So, you may be able to trade Bitcoin for Monero, but you may not be able to trade Litecoin for Monero, so you would first have to trade your Litecoin for Bitcoin, and then trade Bitcoin for Monero. So why use Litecoin? Because another consideration is how fast and expensive it is to send the cryptocurrency to another location. Litecoin is faster and cheaper than Bitcoin, which is why I mentioned sending Litecoin to TradeOgre instead of Bitcoin, but you could also send Bitcoin. As far as taxes, I am not a tax advisor and don’t pretend to be one. People will have to go elsewhere for that advice.
      3. That is the first I have heard of Cloudcoin. Thank you for that. There are other alternatives that are technically better than Monero, such as Pirate Chain and even Dero. But these aren’t as well known or as established as Monero. Monero has great wallets, is accepted in many locations and is good enough for privacy right now. Down the road, this may change.
      4. Thanks for that. I make it very clear that I am not a tax advisor, and I recommend that everyone do their own research on the tax issue.
      5. I think the best and legal option is for the States to stand up and reclaim their Constitutional authority, and for people to do the same.

      Thanks again for your response!

  7. Jeannie Cherubini

    Thank you so much! This was very helpful!

    The only question I have is that I noticed when I was doing my taxes they ask if you have crypto. Do you you have any recommendations as to how do we deal with this issue or do you have suggestions as to who where to look for this information? I am just concerned about once it is in privacy coin will they be after us to find out where the money went.

    Thanks in advance!

  8. Thanks for the education. I knew of crypto but not private crypto (like Monero).

    1. You mention Cake Wallet. Is that the wallet you recommend?
    2. You mention Is this the cryptomarket you recommend?
    3. I would appreciate a written description for how to most privately purchase the crypto, transfer it to my wallet and convert it into whichever crypto I want to have at the time so I can refer back to it.


    1. I think I should have used the term crypto trading site for TradeOgre. It’s not a market.

      Also, I’m curious about why you recommend the choices you do: Cake Wallet or TradeOgre, e.g., lowest fees, greatest privacy, most functionality, etc.

      Thanks again.

      1. Hi JW. I like TradeOgre because it is a non-KYC (know your customer) trading site, which means that you can have an account without revealing who you are. Kraken, Binance, and Coinbase are all KYC trading site, which means that the IRS forces them to tell them every single little thing about you. As far as Cake Wallet, it’s simple and straightforward. Incognito Wallet is also good.

  9. Thanks, Glenn! I tried to do Bitcoin over a year ago, but I couldn’t even sign up…somewhere in the process Coinbase decided I had violated their policies and would not let me in. (I’m a very boring retired nurse; not sure what triggered that.) Tried Kraken, too, but couldn’t make it work (can’t remember why). May give it a try again, based on this.

    I really appreciate enjoy you. You are kind, caring, knowledgeable and sincere.

  10. Glenn 🙏 for a succinct analysis of the lies & propaganda we’re fed on a daily basis by the Dark FED Forces of Evil!! Wall Street isn’t safe as BlackRock with Larry Fink a WEF acolyte uses ‘Aladdin’ an AI system manipulating markets. Bonds aren’t much better in today’s inflationary environment. Those of us who know history, FDR confiscated Gold & with today’s government trolls surely will happen again. With crypto it’s been the same roller coaster ride as stocks this past year so the direct correlation is uncanny so far. Not comfortable with that. But your 😂 rabbit hole discussion of Kraken, Tradeover, Lightcoin, & Monero is an eye opener different & requires further analysis & discussion! Please have another further presentation on this to dig a little deeper.!

    1. Well, the IRS is of course getting into every aspect of our lives, right? As for unconstitutionality, let me answer in two ways. First, yes, I believe it’s unConstitutional because I see it as a violation of the 4th amendment. BUT…in no way am I suggesting that you don’t report it to the IRS unless you are prepared to fight the IRS in court – which I don’t recommend.

Leave a Comment

Your email address will not be published. Required fields are marked *

error: Content is protected !!
Scroll to Top