They could circumvent 3% fees indefinitely & convert btc to usd instantly if they so choose.
Its actually just a barrier of education.
Yeah, too bad they live in the real world where nobody will ever actually use made-up internet money
Discussion
"Hey Farmer Joe, why don't you just install this app on your phone and sign up for this site, also you're going to get some keys generated, make sure you keep one of these super secret, also you're going to have to report it to the IRS (they're getting another 87,000 agents trained up to come after you if you don't), and if you lose your key you lose all your money, but hey, you can cut out the 3% processing fee!"
Its really just one app theyll need to circumvent the 3%.
& If they have family abroad they want to send remittance to, they can easily forward the funds.
How do you convert btc to usd instantly? Crypto also has fees though, and they can be high.
Download strike & see for yourself.
I don’t have any bitcoin, why don’t you just tell me? Does it require kyc?
Can sell it on p2p exchanges with no personal data
I guess you’d have to meet up with sus internet strangers and hope they don’t rob you.
😳
No can do it on an exchange over Tor
How?
That requires use of a payment method directly linked to your personal identity. It’s effectively kyc.
Nope it’s really not, there is no connection between your utxo and your identity so no Chainanalysis and your payment method doesn’t know you’re buying bitcoin. It’s very different than a KYC exchange
If the governments wants to find out what you were doing, or simply seize the money and arrest you for illicitly activity or money laundering, they can.
Lol it’s not illegal to buy bitcoin p2p
And when the retard congress decides to make it illegal, they'll apply it retroactively because nobody cares about the actual law anymore.
Didn’t realize I was talking to a bunch of bootlickers. Nm you guys are hopeless
I’m sure tax fraud is really going to take you places, especially with a completely public and visible ledger like bitcoin has.
GOVERN ME HARDER DADDY 😂
Just telling you the facts, cope.
Statist cuck
My opinion on this doesn’t matter. If you try to evade tax authorities with crypto, you’ll likely end up in prison. It’s traceable directly to you.
This conversation is irrelevant to the OP.
Cry harder, bot.
Lol your a statist cuck for assuming I’m into bitcoin to evade taxes. I’m well aware that bitcoin is a public ledger that doesn’t mean there aren’t privacy best practices.
Statist alert 🚨
You’ll pay your taxes this year like a good statist cuck, lmao. You don’t have the integrity to do otherwise.
Ok spook 👻
You talk big about freedom and liberty, but you're gonna download TurboTax off Amazon just like the rest of us.
😂 I was trying to teach a guy about how to buy or sell p2p y’all went gov defender real quick and made it about taxes and jail. Lame.
One of these is interesting, and the other is not.
And nobody is defending the government, but we also don't live in a fantasy world where the government says, "Darn! If only I could get money from those blasted Bitcoin users!"
I live in the real world and have a real job and a family nothing fantasy about my world well aware of the amount of taxes I pay. The fact that I talk about buying bitcoin p2p and all you guys give AF about is taxes and jail. As if I’ve never heard of them 😂
I already exposed you and your fake “solution” as fake and gay.
Wow. This escalated quickly.
Statists gonna be statist
If you're going to try to fight an unjust system, you need to be realistic about where you stand.
Right now all the crypto bros here are the equivalent of antifa soyboys doing cartwheels in a San Francisco park acting like they're training to "bash the fascists."
Doing umbrella formations?
fuck taxes
come get them
https://www.openthebooks.com/assets/1/6/Militarization_Data_for_Imaging_FINAL_31.pdf
Good luck, hope you know what you're up against! Do you think 87,000 new IRS agents are just going to sit back and let you dance around outside their system?
People will pay their taxes, dumbies wont & will probably get caught,
This is not the thesis.
You should read the sovereign individual - they lay out the thesis quite well & they wrote the book in 1996 i believe...
Nope, as long as you disclose your crypto assets to the government, and are prepared to explain their source with verifiable receipts. Otherwise they’ll be seized.
that's the nice trick my friend
u don't disclose your bitcoin and don't leave any traces about it
why is it that governments have got us to think when we spend money on what we choose we feel like we have done something wrong. FTG
It doesn’t matter if you’ve done something wrong or not. They want to know the source, and they want their cut to send to Ukraine or Israel or whatever.
the fact that u pay with a bank doesn't mean the bank knows what u moved money for. That's why they made robosats.
It literally does.
no, what it does is generate a record that you transfered X amount of money to Y. The bank doesn't know what for, unless they ask, in general they don't ask. Thus even if they know u spend money, so long as they don't know themselves what for there's no record of u having bitcoin.
It all depends in the sercive u used to buy tho.
If u use a KYC service ofcourse they will know, if u use something that robosats over Tor. Nobody but u and the sellers knows about it.
As long as you never actually use it lol. They can easily figure it out if you’re audited or investigated.
But yea this is another option or cash my mail
That option yes, other options that dont.
But credit card processing is KYC obviously, just talking the 3% fee.
What options don’t?
I don’t think people would convert it back to USD very quickly. It’s so much simpler just to zap. And Bitcoin is the perfect SoV, in fact increases in purchasing power during adoption.
How do you convert to USD?