45 sats \ 9 replies \ @tomlaies 3 Aug 2022 \ on: What are Best side hustles to increase your Bitcoin stack? bitcoin
If you are willing to buy Bitcoin in your name and let them disappear into the void via coinjoin/mixing/llightning you can demand a 10% markup over spot and buy even more Bitcoin with that.
The market for this is huge in some places because nobody wants to be the person in whose name Bitcoin are bought and disappear. Where are you based?
Wouldn't this be considered running a unlicensed money transmitter business?
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Depending on your countrythis would be grey or black market
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I'd recommend against this sort of business in the US. Unless OP want to end up like the "Crypto Six": FBI Arrests 6 Free Keene Members Operating Cryptocurrency Exchange
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That's even more of a reason to do it. Stand up for freedom, stand up for the underground movement. Don't bow to bullies. If scalpers get away with scalping, and people can sell stuff on craigslist all the time, even drug dealers become rich - why should op be criminalized for something as innocent as providing a service to which both parties agree? Imo that should be a trivial offense. Maybe tax fraud, more would be draconian.
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I'm not going to be a martyr for libertarianism or Bitcoin. The whole point of these movements is to achieve freedom, which I'm definitely not achieving if I'm rotting in Federal prison for decades.
why should op be criminalized for something as innocent as providing a service to which both parties agree
I'm not arguing the ethics of running an unlicensed money transmitter. I'm 100% in agreement that this prosecution is unjust. I'm just arguing the reality of the situation -- "mess with the bull, get the horns."
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I am interested. Brazil would that work?