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0 sats \ 2 replies \ @Solomonsatoshi 28 Jan \ on: Critiques of "Non-Kyc" Bitcoin bitcoin
All true no doubt but does the government have time to make all those inquiries in practice?
Another option is to find someone you know or someone who knows someone you know and buy Bitcoin directly from them. Pay via bank or cash up to you.
If you explore the netowrk of people you know in the 'real world' there is a very good chance someone within one or two degrees of contact has Bitcoin and it may well be KYC free and that they want to sell for cash.
I'm still looking!
As far as the government, in practice no not for the vast majority of cases.
However kyc-lite vs kyc-free is a real distinction.
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I put out the feelers and found a surprising abundance of Bitcoin holders within my not large social network in the real world. Because they are socially connected there is reduced risk of rip off.
Not to overtly seek to buy but rather seeking out people with your shared interest in Bitcoin and then once found, seek out whether they might wish to sell some.
Surprising how many people have a stack just quietly and often obtained prior to ubiquitous KYC surveillance.
If they acquired free of KYC there are good reasons for wishing to sell in the same manner.
Privacy is always a question of degree but offline sometimes easier to preserve.
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