4 ms·

Your comment that it is logistically easy for the random rich guy to buy large sum of crypto is simply not true. For one, you'd have to go through KYC which tak

by nujabe 2y ago

Your comment that it is logistically easy for the random rich guy to buy large sum of crypto is simply not true. For one, you'd have to go through KYC which takes time, and you can't just open an account and buy 100k in crypto (yet alone millions) as you'd need a history of activity on your account and multiple limit increases.

jamiek88 2y ago
This is very naive. There are many many ways for the wealthy to procure bitcoin with zero restrictions.
- djbusby 2y ago
  How? I'm not wealthy but I'd like some unrestricted crypto. Do I have to be wealthy for these channels?
  - mtnGoat 2y ago
    You can buy crypto for cash on Craigslist. Don’t need to be wealthy. You’d probably need “connections” to buy six figures or more off market.
    - nujabe 2y ago
      ^Yes, do all that but also try avoid being kidnapped.
  - deleted 2y ago
    [deleted]
- mtnGoat 2y ago
  True, but not in this mental exercise where the person is being held hostage. They would still need to liquidate assets and transfer to crypto, and also need connections to this type of seller. In that case, that’d probably already have it.
  - deleted 2y ago
    [deleted]