Re:Tell HN: Coinbase now requires physical address of recipi...
by engineeringwoke on Friday June 24, 2022 @09:22AM
(#31861352)
The only currency denomination that could work to evade the feds for a contract like what you're describing is CNY, which would basically require you to be Chinese and/or have a trusted party and be big enough to negotiate something like this. Maybe a couple thousand people in the world could do it
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Re:Tell HN: Coinbase now requires physical address of recipi...
by rglullis on Friday June 24, 2022 @09:28AM
(#31861469)
Who is talking about evading the feds?
Re:Tell HN: Coinbase now requires physical address of recipi...
by engineeringwoke on Friday June 24, 2022 @09:26PM
(#31871592)
Why else would you want to avoid transacting in USD?
Re:Tell HN: Coinbase now requires physical address of recipi...
by rglullis on Monday June 27, 2022 @11:34AM
(#31896021)
- The exchange rate from USD <-> country where I live can be expensive
- Because every USD <-> local currency may have processing fees (credit cards on retail, withdrawal fees for large FX traders)
- Because some banks use the opportunity to slap tons of other fees
By holding crypto, one can legally avoid all of these costs.