Replying to Avatar hongumart

I couldn't give you $20k sack of cash for you to deposit at your local bank without you having to answer a bunch of questions.

I could send you $20k in bitcoin and it would settle in 10 minutes, no question about it.

This is why #bitcoin will win.
ed
ede3d957... 2y ago

Now try to deposit those BTC into a CEX. Same questions asked.

Just like you can spend cash without the need of a third party you can spend BTC.

But even better use digital cash (Monero) because it is fungible just like cash.

nostr:nevent1qqs2mc2trwqkm0a4z85458e7vfq7fap67rw90q3jyh46w5gazdupgugpp4mhxue69uhkummn9ekx7mqzyrsd73lg8thsys04e2ckywthsccc5lwsmmxea94z5pnvd9rs4ly4cqcyqqqqqqg9x3c3j

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Papa Figos 2y ago

As much as I like XMR, depositing $20k worth of XMR in a CEX would bring the same questions, and more (because it's untraceable, and financial surveillance has become normalized, and the presumption of innocence no longer applies)

ed
ede3d957... 2y ago

Sure. Never deposit into a bank.

Monero is superior digital cash because of its fungibility.