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"Bitcoin evangelist": The most anonymous way to buy things, of course, is to simply use cash.... Buys a house, in cash. Buys another "throwaway" house for his
by 1024core 8y ago
"Bitcoin evangelist": The most anonymous way to buy things, of course, is to simply use cash....
Buys a house, in cash. Buys another "throwaway" house for his car, in cash. Buys car, in cash. And then claims: "Mr. Lopp estimates that his efforts to disappear have cost him about $30,000."
Yeah, right.
- tom_ 8y agoI interpreted this as referring to the privacy stuff on its own: paperwork, legal advice, etc. - and, yes, the place for his car to live. (Which sounds like it probably wasn't very expensive.)
- Syzygies 8y agoAuto insurance is a legal requirement. My insurance company asks me to state where my car is habitually parked, and would consider a misleading answer fraudulent.
- RandomBacon 8y ago> Auto insurance is a legal requirement. Not in all states. In Texas, you do not need auto insurance if you can prove you have the financial ability to pay what an insurance company would otherwise pay.
- ghaff 8y agoIf you're serious about hiding your physical location, this honestly doesn't seem like much of a showstopper. It happens routinely anyway and, barring obvious red flags, it's going to be hard for an insurance company to discover the fraud.
- marcus0x62 8y agoMaybe $30k net. He could have sold the old house and car for a market price and then purchased a new house and car for a little less. It is entirely believable that he found a run-down shack in North Carolina to buy for less than twenty grand.