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I know lots of people who live very nice lives ($300-750k/year spend) using nothing but cash and never showing ID. There are a million ways to convert it to cr

by sneak 2y ago

I know lots of people who live very nice lives ($300-750k/year spend) using nothing but cash and never showing ID. There are a million ways to convert it to crypto, and a million ways to convert crypto to many of the other things one might want to use: gift cards, airline miles, etc. Same goes for gold. There are lots of shops in many countries that will buy gold for cash. Many countries still have hotels that accept cash. You can pay for a surprising amount of things in cash. One friend of mine simply has a rich buddy buy his cars and insurance, and he gives him paper cash each year for the sum of payments+insurance. Many landlords are happy to accept cash, especially if you are willing to pay a year in advance. Why do you think someone with that much money would be driving a car that's titled and plated in their own name?

bagels 2y ago
Can you name the top three ways to convert it in to crypto? I don't think there are literally one million ways.
- washadjeffmad 2y ago
  This is one of those "if you don't already know" topics. The feds cracked down on it earlier this year leading up to the election, but it's back.
  - bagels 2y ago
    Why can't anyone say what it is?
    - njtransit 2y ago
      Because it’s just a provocative fiction in their minds.
    - sneak 2y ago
      I can, but I won't. The state doesn't like it, because it bypasses the points at which they control the system (largely without due process) and I don't wish to make their jobs any easier for them.
- tim333 2y ago
  In most countries I think you'd need to know someone with crypto who could use the cash and do a swap. The website localbitcoins that used to sort that is closed. Cambodia has cash to crypto dealers on the street if you are over that way.