Re:Be anonymous
by noduerme on Monday February 21, 2022 @03:01AM
(#30413074)
>> If you're in e.g. Brazil, haha, yeah, good luck spending bitcoin or any other crypto and going unnoticed
South America is the greatest tumbler of all. I spent years in Argentina under the currency restrictions and paid my rent in Bitcoin, bought USD and pesos at black market rates in Bitcoin, all with people I met on localbitcoins and never using an exchange. I don't know about Brazil, but there is a huge market for peer to peer BTC in AR and UY, and you can just trade an envelope of cash over the table at a Starbucks in Buenos Aires for anywhere up to $10K USD.
In the USA I would be scared of being on camera, but I really doubt you would have that problem if you meet someone in a bar or on the beach in Brazil.
[edit] Just to explain this comment for people who think of BTC as something that you have to buy or sell on an exchange where you're allowing the endpoints to be tracked; the original reason for cryptocurrency was that you don't have to show your passport or link it to a bank account. That still obtains in lots of places in the world where people will happily give you their shitty paper money for bitcoin, and you can use the paper to pay your rent. Don't buy BTC on an exchange, and don't sell it on an exchange. Buy it from someone in person in a phone-to-phone transfer, or win it in a poker game. Keep it in a private wallet, not an exchange. Sell it P2P in person when you want to. You don't need to use an exchange at all.
South America is the greatest tumbler of all. I spent years in Argentina under the currency restrictions and paid my rent in Bitcoin, bought USD and pesos at black market rates in Bitcoin, all with people I met on localbitcoins and never using an exchange. I don't know about Brazil, but there is a huge market for peer to peer BTC in AR and UY, and you can just trade an envelope of cash over the table at a Starbucks in Buenos Aires for anywhere up to $10K USD.
In the USA I would be scared of being on camera, but I really doubt you would have that problem if you meet someone in a bar or on the beach in Brazil.
[edit] Just to explain this comment for people who think of BTC as something that you have to buy or sell on an exchange where you're allowing the endpoints to be tracked; the original reason for cryptocurrency was that you don't have to show your passport or link it to a bank account. That still obtains in lots of places in the world where people will happily give you their shitty paper money for bitcoin, and you can use the paper to pay your rent. Don't buy BTC on an exchange, and don't sell it on an exchange. Buy it from someone in person in a phone-to-phone transfer, or win it in a poker game. Keep it in a private wallet, not an exchange. Sell it P2P in person when you want to. You don't need to use an exchange at all.