>Nobody does bitcoin transactions in person, at least not in America and not anyone I know.
>You could argue “but you just have to find vendors who accept bitcoin!” But with 3 bitcoin I won’t find enough vendors to spend it on.
There are also bitcoin-for-gift-card stores, which vastly expands your vendor options.
How is buying gift cards not just a more restrictive way of converting your Bitcoin to the currency on the gift card?
It is, but the restrictiveness of mostly mitigated because you can either 1) buy gift cards to stores you visit on a regular basis (eg. nearby supermarket) 2) buy gift cards only after you've decided what to buy. It's also adventurous compared to converting to cash directly because there's usually a discount on the gift card (compared to having to pay a fee for cash), and that AML regulations are laxer.
And Overstock accepts BTC and isnt famous for over-working and under-paying their employees.
Re:BitTorrent v2
by davidgerard on Tuesday September 08, 2020 @07:48AM
(#24407450)
localbitcoins has KYC now
Re:BitTorrent v2
by GoblinSlayer on Tuesday September 08, 2020 @10:04AM
(#24408448)
Tor project does. Coinbase is not the only way to use bitcoin.
Nobody does bitcoin transactions in person, at least not in America and not anyone I know. I have several bitcoins and the only way to use them is through an exchange like coinbase, who require the same identity documents that a bank does.
You could argue “but you just have to find vendors who accept bitcoin!” But with 3 bitcoin I won’t find enough vendors to spend it on.