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What should someone do if they want to turn legal funds into anonymous crypto? Do you think BTC->XMR is a sketchy thing to do if the BTC is linked to your iden

What should someone do if they want to turn legal funds into anonymous crypto? Do you think BTC->XMR is a sketchy thing to do if the BTC is linked to your identity? I'd like to have some anonymous money just in case the future gets really dark, but I'm not sure if it's wise to flag myself as a BTC purchaser that changes to XMR.

eigenvalue 6y ago
Best way is to find someone on a service like local bitcoins who can meet you in a public place and sell you btc for cash. You can wait a bit to get a couple confirmations.
- thinkloop 6y ago
  It's too time-consuming and/or dangerous to do any meaningful amounts, and it is monitored. You would probably have to wear a mask at the drop as well and things like that. Safer to just coinjoin + mix + xmr.
  - The_Founder 6y ago
    From purchase of the BTC to XMR it can be traced so someone could know that you bought XMR and how much, just not what you did with it afterward. That would make it almost impossible to claim that you had just lost or spent the coins.
vmception 6y ago
is that how you really think? stop using surveillance coins to begin with and just use Monero natively instead of as a conduit In the mean time pollute the pool by doing more lawful transactions in monero, monero is half as old as bitcoin and has only been used on darknet markets for half of that due to its older user experience challenges Just swap to the more fungible asset. Its a flight to liquidity the market always chooses that. The state just figured out how to use transparent blockchains as a tool a decade late and the market has already moved on
- 01010001 6y ago
  You have the right ratio of technical knowledge and command of language to potentially make anything you write, believable. Do you have a blog of sorts?
  - vmception 6y ago
    I'm glad to read that, I just hope it is enough information for everyone reading this to be able to independently corroborate, without any further knowledge of my credentials.
godzillabrennus 6y ago
Buy mining equipment and start mining. The ROI won’t be great but you’ll have virgin coins to do what you want with.
- vmception 6y ago
  ^ this right here if you're patient and only need to break even. even in hot climates where power isn't cheap enough, buying digital asset mining computers to breakeven or even take a 5-8% loss is the best way to convert any amount of money from that local economy into the global digital economy.
boring_twenties 6y ago
Define sketchy? Many of us buy and sell XMR under our real identities regularly, and don't have any problems. Of course, if the future is dark enough for a list of everyone who has ever bought XMR to be compiled, then your name would be on it, along with mine. If you're worried about that, I suppose you could distribute the XMR to a bunch of different addresses over some length of time. (All addresses you control, unbeknownst to the authorities.) Then if they do hunt you down you have a plausible story that you spent it all.
mirimir 6y ago
For small amounts, to pay for VPNs or whatever, find an exchanger who you trust, and ~anonymously mail cash to them. Then anonymize the cryptocurrency. For Bitcoin, mix multiple times, via Tor (Whonix) and using a different wallet and mixing service for each mix. If you lose some, it's no big deal. For real money, hire someone who knows what they're doing.

eigenvalue 6y ago

Best way is to find someone on a service like local bitcoins who can meet you in a public place and sell you btc for cash. You can wait a bit to get a couple confirmations.

thinkloop 6y ago
It's too time-consuming and/or dangerous to do any meaningful amounts, and it is monitored. You would probably have to wear a mask at the drop as well and things like that. Safer to just coinjoin + mix + xmr.
- The_Founder 6y ago
  From purchase of the BTC to XMR it can be traced so someone could know that you bought XMR and how much, just not what you did with it afterward. That would make it almost impossible to claim that you had just lost or spent the coins.

vmception 6y ago

is that how you really think? stop using surveillance coins to begin with and just use Monero natively instead of as a conduit In the mean time pollute the pool by doing more lawful transactions in monero, monero is half as old as bitcoin and has only been used on darknet markets for half of that due to its older user experience challenges Just swap to the more fungible asset. Its a flight to liquidity the market always chooses that. The state just figured out how to use transparent blockchains as a tool a decade late and the market has already moved on

01010001 6y ago
You have the right ratio of technical knowledge and command of language to potentially make anything you write, believable. Do you have a blog of sorts?
- vmception 6y ago
  I'm glad to read that, I just hope it is enough information for everyone reading this to be able to independently corroborate, without any further knowledge of my credentials.

godzillabrennus 6y ago

Buy mining equipment and start mining. The ROI won’t be great but you’ll have virgin coins to do what you want with.

vmception 6y ago
^ this right here if you're patient and only need to break even. even in hot climates where power isn't cheap enough, buying digital asset mining computers to breakeven or even take a 5-8% loss is the best way to convert any amount of money from that local economy into the global digital economy.

boring_twenties 6y ago

Define sketchy? Many of us buy and sell XMR under our real identities regularly, and don't have any problems. Of course, if the future is dark enough for a list of everyone who has ever bought XMR to be compiled, then your name would be on it, along with mine. If you're worried about that, I suppose you could distribute the XMR to a bunch of different addresses over some length of time. (All addresses you control, unbeknownst to the authorities.) Then if they do hunt you down you have a plausible story that you spent it all.

mirimir 6y ago

For small amounts, to pay for VPNs or whatever, find an exchanger who you trust, and ~anonymously mail cash to them. Then anonymize the cryptocurrency. For Bitcoin, mix multiple times, via Tor (Whonix) and using a different wallet and mixing service for each mix. If you lose some, it's no big deal. For real money, hire someone who knows what they're doing.