reply on: Critiques of "Non-Kyc" Bitcoin \ stacker news ~bitcoin

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10 sats \ 5 replies \ @siggy47 28 Jan \ parent \ on: Critiques of "Non-Kyc" Bitcoin 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 \ 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 \ @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.