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A comment on The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees. Parent comment

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by andrewzah on Tuesday June 30, 2020 @11:20AM (#23690944)
That's one use for btc that I hadn't thought of. Neat! However one still has to be careful to somehow fund a cold wallet without linking your ID via the transactions.

I.e. to use an exchange like binance or coinbase, I have to link my US ID. So if a government actor were after me, they could easily find out about my cold wallet by viewing my transactions, no?. I guess I could -not- divulge the seed words, but that's assuming I'm not being accosted/tortured either.

I would have to use a btc atm (none near me...), swap a visa gift card for btc (and take a ~10-20% haircut...) or find someone to trade cash for coins, which is its own issue.

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by sukilot on Tuesday June 30, 2020 @12:40PM (#23691912)
Government/warlord-avoiding money transfer like this is the core use case for Bitcoin outside of speculating on its future value. It's not for casual shopping transactions.
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by parliament32 on Tuesday June 30, 2020 @12:18PM (#23691645)
localbitcoins. It's like craigslist: you find people you meet up with, give them cash, they transfer you the BTC (through escrow). No KYC, no shenanigans, you just need to be willing to pay their few-percentage-point fees.
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by justaj on Tuesday June 30, 2020 @04:05PM (#23694205)
Correction: Localbitcoins does require KYC.
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by parliament32 on Tuesday June 30, 2020 @04:57PM (#23694688)
You're right, they do, once you're over 1000€ per year: https://localbitcoins.com/blog/id-verification-update/
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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by ryanlol on Thursday July 02, 2020 @03:52AM (#23710929)
Incorrect, localbitcoins only requires KYC for their escrow feature. Most people do not use the useless escrow feature.
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