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You can buy drugs or a hitman online without being traced. Also ransomware can demand payment in Bitcoin without being traced.

WrtCdEvrydy 6y ago
Also, I can buy a pizza for a coworker in a different country without worrying about exchange rates or anything else. FYI, everything you said can be done with cold hard cash.
- np- 6y ago
  You can buy your coworker a pizza with your credit card today. At most the fee would be 3%. From start to end the whole process would take no more than 5 mins. Plus, pretty much every decent pizzeria on the planet already accepts it as payment. The BTC transfer fee is something like $20 now, more than the cost of a pizza, and the transaction might take like an hour to clear? Maybe it's fine if you don't mind overpaying, aren't too hungry, or you enjoy cold pizza.
  - WrtCdEvrydy 6y ago
    > BTC transfer fee is something like $20 now, more than the cost of a pizza, and the transaction might take like an hour to clear? Maybe it's fine if you don't mind overpaying, aren't too hungry, or you enjoy cold pizza. Segwit transfer is currently at $0.003, and a transaction with enough fee processes instantly. It takes 6 confirmations for a guarantee (but that will settle over the next hour). Pizza deliveries get paid in cash through many extensions that provide BTC2CASH purchase. I can bet you buying a pizza in Spain with Spanish currency using a US card will charge you a foreign exchange fee.
    - happymellon 6y ago
      > I can bet you buying a pizza in Spain with Spanish currency using a US card will charge you a foreign exchange fee. That sounds like a personal choice. There are plenty of banks that don't charge fees for purchasing in foreign currencies. Monzo and Revolut both spring to mind here in the UK, and I believe both are now available in the US.
- 8note 6y ago
  Is there no exchange rate from your country's currency into Bitcoin?
  - WrtCdEvrydy 6y ago
    Yes, but there are usually no exchange fees.
lottin 6y ago
By design all movements of bitcoins are in the open, so I don't know about not being traced.
- tekknik 6y ago
  Because when you create a new BTC wallet you give the network your SSN and other identifying credentials yes?

WrtCdEvrydy 6y ago

Also, I can buy a pizza for a coworker in a different country without worrying about exchange rates or anything else. FYI, everything you said can be done with cold hard cash.

np- 6y ago
You can buy your coworker a pizza with your credit card today. At most the fee would be 3%. From start to end the whole process would take no more than 5 mins. Plus, pretty much every decent pizzeria on the planet already accepts it as payment. The BTC transfer fee is something like $20 now, more than the cost of a pizza, and the transaction might take like an hour to clear? Maybe it's fine if you don't mind overpaying, aren't too hungry, or you enjoy cold pizza.
- WrtCdEvrydy 6y ago
  > BTC transfer fee is something like $20 now, more than the cost of a pizza, and the transaction might take like an hour to clear? Maybe it's fine if you don't mind overpaying, aren't too hungry, or you enjoy cold pizza. Segwit transfer is currently at $0.003, and a transaction with enough fee processes instantly. It takes 6 confirmations for a guarantee (but that will settle over the next hour). Pizza deliveries get paid in cash through many extensions that provide BTC2CASH purchase. I can bet you buying a pizza in Spain with Spanish currency using a US card will charge you a foreign exchange fee.
  - happymellon 6y ago
    > I can bet you buying a pizza in Spain with Spanish currency using a US card will charge you a foreign exchange fee. That sounds like a personal choice. There are plenty of banks that don't charge fees for purchasing in foreign currencies. Monzo and Revolut both spring to mind here in the UK, and I believe both are now available in the US.
8note 6y ago
Is there no exchange rate from your country's currency into Bitcoin?
- WrtCdEvrydy 6y ago
  Yes, but there are usually no exchange fees.

lottin 6y ago

By design all movements of bitcoins are in the open, so I don't know about not being traced.

tekknik 6y ago
Because when you create a new BTC wallet you give the network your SSN and other identifying credentials yes?