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> Even in your jurisdiction, you may soon have to and as I've stated, using a DEX to trade from dirty coins into clean coins is cheap and simple. I think this
by toolz 5y ago
> Even in your jurisdiction, you may soon have to
and as I've stated, using a DEX to trade from dirty coins into clean coins is cheap and simple. I think this whole thing is just paranoia, but in the event it actually does become an issue for law abiding citizens (such as myself) the market has already accounted for the nonsense and given me an avenue to continue to operate effectively and legally.
> Good luck meeting random strangers and trading BTC for cash with them safely AND anonymously. You're lucky if you get even one of those two.
I've done both frequently and with nothing but success - I'm wondering if you've had experiences otherwise as I know plenty of people who use that site and have had nothing but success.
> if you're silly enough to try to cash out significant amounts through localbitcoin or similar
I'm sorry, what are you talking about? Legitimate services with legitimate clean money is not silly.
- vintermann 5y ago> using a DEX to trade from dirty coins into clean coins is cheap and simple Cheap, but not free. You're paying a premium. Which illustrates the article's point. As exchanges are reined in, and off-the-record bitcoin for cash trades are cracked down on (google "localbitcoin arrests" to get an idea - that should also answer your two other lines), this premium will grow, and it may well grow enough to make the whole thing impractical.
- toolz 5y agoso if trading USD into other currencies isn't free then USD isn't fungible? I'm not following your point