Bitcoin is my exit strategy but I just don’t agree with your point.
So if you don’t want to exit fiat forever, Bitcoin is not for you?
Discussion
You're over simplifying. I sell bitcoin for fiat all the time. Just not though exchanges.
It's about asking permission and having your ID forever on a list.
But how about if you stack non KYC Bitcoin. Sell it for fiat. Will you Bank accept that? They need to know where the money came from? Isn’t that very difficult to prove? Just a thought 💭
Depends on the amount. How much fiat do you really need? I just need enough for day-to-day.
Okay fair point! Let’s say you keep converting small amounts and nobody notices it. Let’s say somebody hodled Bitcoin a decade and wanted to use it to buy a home. How could he convert it back to fiat without problems
Right now, you don't. Buy a house directly with bitcoin, it's already possible with some countries.
Another strategy is just selling 2000 USD per month for 5 years and then buy a house or use it for a mortgage. It takes but sovereignty is not easy and requires commitment.
Perhaps the price premium of NonKYC and KYC is the battle line showing where society’s sovereignty sits. Any premium in any direction proves friction.
I feel like friction (premium) is evidence of despotism, or at the very least central planning creating a market where none should exist.