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Thankfully, the fundamentals of the technology prevent it from being entirely subverted. You can still choose to ignore these restrictions, just like with cash.
by wyager 9y ago
Thankfully, the fundamentals of the technology prevent it from being entirely subverted. You can still choose to ignore these restrictions, just like with cash.
- petre 9y agoYet it's way easier to hide 10 BTC than is to hide 10k USD. You can encrypt it and embed it in photos of cats for instance. To hide that amount of cash from airport security is rather difficult.
- mirimir 9y agoYes. But it's transmission to/from meatspace that's already problematic. And this will make it harder in the US. There are services that sell cryptocurrencies anonymously, accepting cash, gold or silver by mail. Cashing out anonymously is much harder. Receiving cash by mail could become the only viable option. And there's considerable risk of discovery. Strict compartmentalization of online cryptocurrencies and meatspace is arguably the safest option.
- Qub3d 9y agoYou could use a service to purchase visa gift cards or similar. That would have the benefit of being usable nearly everywhere plastic is accepted while being much harder to trace.