I am thinking one can break a #Bitcoin KYC trail if they sell BTC for physical cash in-person.
Theres no bank record, theres no evidence of what price you accepted, and its not obvious that its even been sold.
Ideally you'd do this with a friend or acquaintance with lots of cash, such as a business owner.
For example, zero people report their capital gains on their cash sales at a flea market.
correct.
so who's gonna bring back #localbitcoins ?
I still don’t understand what people have against KYC. 🤷🏻♂️
It ties an identity to a transaction.
I mean, that’s kind of obvious, it’s in the name, lol.
I’m just trying to understand why a person feels like they have to hide everything they do.
It's not about what you have to hide. It's simply about privacy. If you're cool with giving up privacy for no reason, you lost the plot.
If you don’t mind paying higher fees for your privacy, you do you, I haven’t lost anything. Y’all need to loosen up the tinfoil, you’re not that important.
No one is telling you to do this. Believe what you want, do what you want.
GFY
Thanks, captain obvious. 🤦🏻♂️
I would think the benefits of maintaining financial privacy would also be obvious