3 ms·

That answer is rather light on specifics.

• matheusmoreira 4y ago
  AML/KYC is just the financial arm of global mass surveillance. They can just trace your withdrawals from an exchange. If you're not mining crypto, you're done.
  • throw101010 4y ago
    Well you can always exchange it peer to peer, without a third-party (exchange/payment processor/etc.) as it is initially meant to be used, but it's true that mining rewards are generally the most anonymous way to acquire it.
    • matheusmoreira 4y ago
      > you can always exchange it peer to peer, without a third-party Who's going to show up at some untrustworthy place with fat stacks of cash in order to trade crypto? > as it is initially meant to be used It was meant to replace the USD for everything including everyday transactions.
      • nibbleshifter 4y ago
        > Who's going to show up at some untrustworthy place with fat stacks of cash in order to trade crypto? Lots of people, actually. Its more common than you would think! The hardest part is matchmaking and (optionally) escrow. LocalBitcoin originally did this for IRL but then stopped as they were slapped by a regulator. They were taking a cut from the escrow and acting as a custodial wallet, which made it easy to spank them. They are now kaput. There are other, less stupid, platforms that replace them.
      • throw101010 4y ago
        > Who's going to show up at some untrustworthy place with fat stacks of cash in order to trade crypto? There are ways to transact P2P without meeting in person. Bisq is decentralized example. > It was meant to replace the USD for everything including everyday transactions. I did not read this chapter of the Bitcoin whitepaper