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10 sats \ 9 replies \ @0xIlmari 28 Jan \ parent \ on: Critiques of "Non-Kyc" Bitcoin bitcoin

Use cash in person or via mail. Or sell fucking gold bars for Bitcoin.

That's not a bad idea. I think the Apmex web site accepts bitcoin, but of course that doesn't solve much if you're giving them a shipping address.
There are still local pawn shops all over the US that deal almost 90% in cash. I knew a guy who knew a guy 😀 who used to buy all his gold like that, pre- bitcoin. I haven't tried this, but from their typical political bent I wouldn't be shocked to find out they are trading gold for bitcoin as well as cash.

41 sats \ 2 replies \ @028559d218 OP 28 Jan

never heard of/seen pawn shops for bitcoin but it's interesting

10 sats \ 1 reply \ @siggy47 29 Jan

I never have either. It makes sense, though. Guys keep safes filled with gold, keep cash dollars around to pay for items. They have the whole security issue worked out.

41 sats \ 0 replies \ @028559d218 OP 29 Jan

If I see pawn shops advertising that they accept guns gold and Bitcoin (to buy or sell) then I'll know that we have really made it.

41 sats \ 1 reply \ @0xIlmari 29 Jan

Sure, a gold seller/mint might have your address but that's just an OpSec matter - someone knows you're loaded. Same thing applies to any big purchase.

But gold is anonymous and fungible. You then take the bar/coin somewhere else and break the link.

0 sats \ 0 replies \ @siggy47 29 Jan

Oh yeah. I agree. I'm just saying an even better method is going into one of those pawn shops selling gold, who prefer cash transactions. They don't ask for your name or anything. Like anything else, it's best to get to know the owner, so you get a decent deal. This is near perfect.

41 sats \ 2 replies \ @denlillaapan 29 Jan

Who's fooling enough to buy gold bars with bitcoin??

0 sats \ 0 replies \ @0xIlmari 29 Jan

Someone who's holding both for diversification. After a bull run the Bitcoin part of their portfolio might be a tad bit swollen and they might want to rebalance.

0 sats \ 0 replies \ @siggy47 29 Jan

Good question. I do know that Apmex has had good runs in the past in crazy bulk markets like 2017 when people wanted to "take profits" in their bitcoin.

Also, pawn shop gold dealers would. Most of their customers know jack shit about bitcoin. They want gold.