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Dave owes John $10. John would like to be paid in bitcoin.

Dave signs up for CashApp, provides ID, uses his bank account to on ramp and purchase bitcoin. John provides Dave a self-custody bitcoin wallet address and bam! John received bitcoin from Dave, straight from CashApp.

Dave decides he's into bitcoin and decides to buy $100 and self custody, withdraws coin to his self-custody wallet address.

Dave owes Jenny $20, and convinced her to accept bitcoin. Dave pays Jenny $20 from CashApp directly.

Dave has "withdrawn" from CashApp once to his own address and "sent" to 2 other addresses (John and Jenny).

In this scenario, which wallet identity can be doxxed, beyond a shadow of a doubt? Would your decision on who's doxxed hold up in court?

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Discussion

sperry 2y ago

IMO, CashApp can be positive Dave purchased $130 in Bitcoin, but cannot prove beyond a shadow of a doubt that he has $130 in his possession. I would dare to argue the amount of Bitcoin that anyone can be 100% certain that Dave holds is $0.

Tick-tock next block.

Bitcoin dgaf.

#bitcoin

#cashapp

#trackingkyc

nostr:npub1yauhh489aefdkzsewe5vj2u68elzxlsln7nn5yxr34e3c22vljdqkn7h9m can you chime in? Am I completely off-base? I truly would like to know more about KYC bitcoin, but haven't found any definitive answers. I really want to know, I'm not being argumentative, I want to understand the swirl of KYC vs non-KYC SATs.

TIA.

Rock 2y ago

Hey #[2]what’s your question?

sperry 2y ago

Can CashApp tell the difference between a withdrawal of bitcoin and a send of bitcoin? I feel they are the same, so impossible to tell if I sent it to someone or withdrew it myself...

Rock 2y ago

Great question! From our POV it just looks like sending bitcoin from one address to another.