Replying to sergiu

Does noKYC only mean that when making a transaction to get btc you're also not sharing any personal information associated with it and that the transaction details is not logged forever?

Suppose someone selling btc on p2p exchanges gets audited, and all money received from random accounts are deemed btc sales, which in turn could result in buyers being tracked. Am I making any sense? 😄

Just trying to build a better understanding in my head around all this.
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QnA 2y ago

noKYC means you're obtaining bitcoin without having to provide personal information with a regulated entity bound by law to collect and store it as part of their business model.

Could a peer get 'audited'? Yes, but you can trade in methods that make such an audit fruitless (eg cash).

The difference is that it's unlikely vs any KYC exchange that you know will get audited and oftentimes share this information with non government organizations like chain spy firms.

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sergiu 2y ago

Yeah, makes sense. Thanks for the reply. It seems so far like cash is the "winner" when it comes to nokyc.

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QnA 2y ago

Cash is the winner for most thing when it comes to privacy.