How does that happen now for let’s say people in the EU? Every Exchange nowadays requires details about who you are withdrawing your sats too. (Shitcoins too)
If i send someone sats or receive them from someone I don’t know the name of… once i deposit them, the state’s financial department would technically know who paid me, when i still don’t and never will, cause they can track all steps.
Please enlighten me if this is the case or if i am missing something here?
The EU is becoming a lost cause for personal agency and privacy.
Ok, but that’s not really the answer i was hoping for :)
Yeah, the EU especially since 2008 has been a slow growing monster of non transparent non democratic bureaucracy and more and more serving huge holdings and companies instead of the initial idea, their citizens … but i d argue also good things happened, like free travelling which gives a feeling of an united Europe, appreciating all differences too. Sad that politics and corporate power have drained all of this potential so far…
This situation is sad but actually good for your statement that people will want that much more urgent and earlier… so my question… does BTC provide this already? I mentioned the problem of onramping and exiting, once a circle closes, money/btc can be traces right?
Seller and buyer would only be safe if the seller uses a fresh nonKYC wallet and would never deposit… but how to trust someone unknown he won’t…
Black markets. White markets are transient and can enforce any arbitrary rules they want.
>once I deposit them
This is your first mistake.
Yeah sure, i get that part. I would not do that let’s say. But there is no guarantee that the person/total stranger i paid will not deposit at some point, right?!? Thats the bottleneck in this scenario…
The ideal scenario to avoid that is actually using them to pay for things and accepting it as payment for yourself. Circular economies.
