Let's say you have Bitcoin without KYC, how do you spend it without KYC in 15 years when KYC and AML regulations are increasingly strict?
How do you go to a supermarket and spend Bitcoin like cash without going through KYC?
Discussion
convert it back the same way or via p2p. just like any other money, if i don't accept something you either don't transact with me or find the right currency.
How do you convert it back to Fiat withouth KYC?
bisq, hodlhodl, find someone to trade p2p, or the same way you got the sats unless mined
P2P to Bank for small amounts is okey, but if you add a lot of money to the Bank doing that, the IRS or goverment will impose big sanctions on you
So you are basically trap with a ton of Bitcoin without KYC that you cant spend (Unless businesses around the world start accepting payments in Bitcoin)
if you want to be part of this monetary revolution, be ready to do shit you don't want to do. be ready for the uncomfortable, or the illegal, or the conflict. no one will be able to make this easier for you
Im ready, that is why Im asking, P2P to bank is not an option (if you are serious, if you add 500 USD to the bank no one will sanction you, but if you add 100.000 USD you are fucked)
So any other idea on how to spend Bitcoin withouth KYC like cash?
it feels like you're just asking questions in circles. find people to transact with. convert btc to fiat as needed and buy food and pay bills as you go. if you can't figure this stuff out on your own, the banks aren't your biggest problem.
Rude
Nah it's a good question. How would a black market real estate market work, in a country like the US? P2P swap $1m for BTC? Drop the BTC into the banking black hole? Direct sale, that the feds somehow can't detect? A full sovereign border for your plot?
These all seem kind of ridiculous in 2050.. except the bank black hole 😔.
No clear answer yet, give me a hand:
We go back to true P2P. Don’t you remember what it was like transaction in cash?
Yeah, that is the only way I found, P2P with someone, he gets BTC, you get cash and you can spend
Providing you don’t need to prove your identity to spend in person anywhere you can spent your SATS the same as you would cash you’re hiding from the thieves.
You dont 😅
Better start stacking monero also 😉
Black markets and parallel economies. Both which become larger the more restrictive government becomes.
Love it
I am out of crypto because spending it will be virtually impossible in the future, without breaking the law or KYC the shit out of it. P2P, ok, but maybe I have 2 guys in the entire country interested in that... How do I know they not cops? I don't. Yeah, I'm out.
Monero fixes this
Not sure how really
Xmrbazaar.com
Yeah, no. Like I said, that will become illegal in no time. I am not risking going to jail to buy soap using Monero or sell some old jacket I have laying around. They won. It's over. At least for me. But to each his own 👍
What happens when it's illegal to self custody Bitcoin?
The goverment loves you and people like you
I don't care if they do or not. If you have nothing to lose, good for you. I have, and it is not worth it for Monero, BTC or whatever the fuck coin.
1. You could trade it for fiat (digital but also better cash) in nostr:nprofile1qqszw0ncsrfc6wd8lv3cal8cj4apkke8aqv3y75ys05h2st2p2g035spzfmhxue69uhkummnw3eryvfwvdhk6tcpzdmhxue69uhhqatjwpkx2urpvuhx2ue06vjvry or #roboSats and pay the supermarket with the fiat they deserve
2. You could put your #bitcoin as a collateral in HHLend and use the USDT in one of those many neobanks that accept it and pay with that
3. You could trade it for #monero in nostr:nprofile1qqsgqfapsalnnesrmt7xxfu7qp95akwlscw33n5pm8zrclt3xhdg7egpz4mhxue69uhkummnw3ezummcw3ezuer9wchszxmhwden5te0wfjkccte9ehhyctwvajhq6tvdshxgetk9ucx52kn or #haveno and use the nostr:nprofile1qqsfzszrtw60ut24h28k0qy3cdyxhvpp2zx4lwyqzdfm7xwjsaxsj2qpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3uamnwvaz7tmwdaehgu3wwdjhg6rxdae8qunfweskx7fwvdhk6cjn8gp #cakepay to get a gift card.
4. Maybe nostr:nprofile1qqsdlpj77jpsf944q8htmzph0jg02g2xn4ru2wvhxq8zyk4trv5myeqpz3mhxue69uhkummnw3ezummcw3ezuer9wcq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueq4hhaq9 won’t make it so far without compliance, and after all what are they doing with our #btc? I wish they put it back to the #p2p
Thank you! Good answer ❤️❤️❤️
