What payment method do you use on robosats because all of the payment methods available seem to require KYC and the seller of the sats could be keeping track of that information no?
Discussion
The seller or the escrow coordinator
I've thought about this, and I'd be happy for input.
Both parties put their money into robosats multisig for security purposes, however, If I am buying someones bitcoin in exchange for fiat trash, it isn't seen as a transaction by the kyc entity. It would simply show that I am sending some person $x and in the details, i can say anything i want from "gift" to "thanks for the nuclear weapons boss". They also have in person and check options, but the turn around time is anxiety inducing. In fact, you don't even have to have bitcoin setup on cashapp to use it to send people money for this.
Understood let me give an extreme example however. A Fed plants himself on robosats and sells bitcoin to folks and only accepts cashapp or some other kyc'd source of funds. He can then match the transactions to the real identity of the buyer through legal process aimed at the source.
What crime has been committed though in that scenario?
Aw hell no!
I’m not buyin sats from that f*cka anymore😂🤣
Great point. I've wondered whether the sins of the person who gives me sats could in some way affect me, but me sending a potential murderer money via cashapp still has no direct link to my bitcoin (I believe). If they hold a gun to the guys head and ask him to divulge the identities of random lightning users, what info does he have? A fed, could pose as a seller once they have my cashapp information, and send me dirty coins, but lightning and liquid do a good job of mixing the trail.
Don't get me wrong, I don't think I have it all figured out. I'm just trying to process through the best viable options. Open to correction or info.
No, I get it. This is all worth thinking through. My point is the anonymity could potentially be confounded where the source of funds is kyc and if a fed or informant 's goal is just to aggregate lists of people attempting to buy anonymously, i would be thinking about that. I dont know this for a fact but I dont think its illegal to buy anonymously (yet), at least in the united states *not legal advice any of this* but I wouldnt be surprised if law enforcement is collecting this information anyway for future purposes. But the separate issue of dirty bitcoin is another thing all together that is way over my head.
Here is a list of payment methods from Bisq, another nonkyc p2p exchange that has similar payment options. It gives a good pro/con list of the options:
https://bisq.wiki/Payment_methods#Payment_method_guides
I have some lingering anxiety over a personal face to face that went sideways locally (which caused me to close up the local btc meetup I was hosting). My threat model was affected significantly by that experience so this is the best of both worlds 😅
As price goes up we all have to adjust security accordingly and I agree, there is zero chance I would bring cash or thing of value to meet a stranger who might be hoping im carrying my entire wallet with me around my neck like a tard.