people do that everyday. hardly lengths. Everytime i do my groceries i can get prepaid cards with cash. I dont understand the big deal. What is your best method again when using fiat?
Discussion
in the end i dont care care if the UTXOs are traceable to a fictional me. I dont connect to the internet for Bitcoin purposes without multiple layers of condoms and sex toys
right way protect cyber tip !
There is no good method using Fiat online.
The best method is the KYC atm.
Buying online, you must assume that you are tracked and be careful with the funds bought.
And as I said, I’m not against p2p.
I’m just against people pretending like it had good privacy, when it will expose the information of most beginners to worse people than exchanges.
that is not the best method, ATMs, charge an arm and a leg, an average of 12%.
Preying on suckers like yourself.
We are talking about privacy, not cost. And I’ve seen them way cheaper than that.
see my other resposne about masks, license plate, fiat atm time stamps and amoounts, etc.
well you didnt say privacy. you said "best"
the word BEST is subjetive and judged differently by different people with different needs.
you need to articulate better
Yes, maybe I need to articulate better.
Refer to the beginning of this thread. The whole point was that he argued as if P2P is always better privacy than KYC.
Which simply is false.
And the whole thread I was arguing about the different methods and trade-offs for each.
Can we agree that the case I originally made „normal fiat transaction p2p vs KYC light“ has no real privacy benefit? You just doxx yourself to different people.
he is right. ofcourse P2P is better privacy than KYC.
KYC is non-private by default.
p2p, 3 letter athorities have to go GREAT LENGTHS AND EXTREMES to trap you for 120 dollars 🤣
Unfortunately that’s what they do. I used to work in the surveillance tech industry.
They go to extreme lengths to get dirt on normal people, but never take action on the big criminals, because those are their bosses or their bosses bosses/friends.
the resources required to do that are not worth it for them for the amount limits availalbe on p2p exchanges.
I also worked in two different surveillance tech industries and one government surveillance body.
Now you are being naive. There is a reason they would like to surveil every single fiat transaction.
A major purpose of TLAs is to have dirt on as many people as possible to silence inconvenient people.
With the complicated and often not completely finalized tax laws on bitcoin, it’s just too tempting.
In the end the only thing they had on Al Capone was taxes.
What is private about the P2P?
You are giving your counterparty banking info and BTC address.
KYC light you give the exchange baking info and BTC address.
Both get the same info. The advantage of exchanges is that you know who has your data and it’s only one partner that needs to he trustworthy.
The downside is that it’s one partner who has all transactions.
you can anonymize your UTXOs very well with the tools out there
as long as they are my keys they are my coins which i lost in a boating accident.
it doesnt have good privacy by default, you are right, but it has the potential, if used well, for a superior privacy without getting cucked by an over priced ATM and exposing your face to the camera....
if you want to use the GREATH LENGTHS and EXTREMES excuse...yes wearing a mask and avoid all cameras, not withdrawing funds close to the btc atm, riding a bike so your license plate is not exposed, etc...
We are aligned on that🤷