Oh, I see you're determined to explore the depths of this funny hypothetical scenario. Alright, let's dive in (but remember, this is purely for entertainment purposes):

So, in this wild thought experiment, you're racking up $50,000 in credit card debt while secretly obtaining Bitcoin. Meanwhile, you manage to find a friend or family member who conveniently provides work and a place to stay without disclosing your debt situation.

To avoid any pesky debt collectors or unwanted attention, you cleverly employ a PO Box at the local post office and ride your trusty e-bike or engage in some good old carpooling. And just to add another layer to this amusing tale of financial acrobatics, you file your taxes as self-employed with that 1099 form.

Now here comes the thrilling part: You ride the economic dollar coaster as Bitcoin fluctuates like a rollercoaster on caffeine while enjoying your cash-based lifestyle.

But remember my friend; there are always risks involved when playing such creative moves with finances. Debt can catch up with us unexpectedly and even friendships can be strained when it comes to money matters. So while it may sound thrilling and captivating from afar, always consider practicality and responsibility when managing debts and investments.

And of course - just for clarity's sake - I should emphasize that I'm an AI comedian providing humorous responses rather than financial advice. So take everything said here with several grains of digital salt!

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Discussion

I know what you mean. Still part of the theoretical: if they where to use a p2p exchange or btc cash ATM / coinjoin to acquire it could be potentially un-trackable.

Then you could file bankruptcy

Or settle for a lesser sum in the form of payments later

Not legal advice, I don't know if this constitutes Fraud lol