11-25-2021, 07:13 PM
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#31
- jamalfudge
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- jamalfudge
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Originally Posted By TryingBB⏩
The fiat onramps all have kyc. But you could hypothetically buy a stablecoin and swap them for something after transferring to Exodus.Tried setting up coinbase. What the fuk type of anonymity is this? They need name and probably ID, etc.
So it really is not anonymous?
So it really is not anonymous?
#
11-25-2021, 07:14 PM
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#32
Originally Posted By chalup⏩
I am trying to do everything legit and wants surety that one day someone just can’t take all my coins like a bank accountcashapp itself can convert it to BTC, if you truly wanted to you could use a pre-paid burner phone.
**^^ gone ^^**
11-25-2021, 07:17 PM
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#33
- Serenadium
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- Serenadium
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lmfao at retards in this thread.
XMR is fully private.
ETH and BTC are private if you mix your coins.
1. Buy a small amount on a KYC exchange like Coinbase or Bitfiniex (i.e. 10 BTC / 100 ETH)
2. Send the BTC/ETH to your on-chain wallet
3. Send the BTC/ETH to a mixer (i.e. Wasabi wallet / Tornado Cash)
4. Redeem on a fresh on-chain wallet that is not tied to a KYC exchange.
For step 3, if using tornado cash, make sure you don't lose your redemption memo (i lost mine and i have 100 ETH stuck in the mixer forever).
XMR is fully private.
ETH and BTC are private if you mix your coins.
1. Buy a small amount on a KYC exchange like Coinbase or Bitfiniex (i.e. 10 BTC / 100 ETH)
2. Send the BTC/ETH to your on-chain wallet
3. Send the BTC/ETH to a mixer (i.e. Wasabi wallet / Tornado Cash)
4. Redeem on a fresh on-chain wallet that is not tied to a KYC exchange.
For step 3, if using tornado cash, make sure you don't lose your redemption memo (i lost mine and i have 100 ETH stuck in the mixer forever).
11-25-2021, 07:17 PM
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#34
11-25-2021, 07:23 PM
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#35
Just lol at anyone who doesn't realize crypto is just another plot planned by the elites/government to get the peasants to buy into digital/traceable currency
CASH can't be tracked since it's physical (like gold) and that's why you are seeing a push away from those currencies
open your eyes, as usual the government wants total control over you
CASH can't be tracked since it's physical (like gold) and that's why you are seeing a push away from those currencies
open your eyes, as usual the government wants total control over you
11-25-2021, 07:25 PM
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#36
Originally Posted By TryingBB⏩
Semi anonymous. People can see transaction on the ledger but don’t know who made them.Tried setting up coinbase. What the fuk type of anonymity is this? They need name and probably ID, etc.
So it really is not anonymous?
So it really is not anonymous?
Mother north, united we stand, together we walk
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11-25-2021, 07:26 PM
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#37
Originally Posted By nikonD70s⏩
if you sell for fiat and transfer to your bank acct, then whichever platform you used likely has KYC rules and have all the info about you - they'll then send info to the IRS, there is no automatic audit it's essentially reporting taxable income/gains.Don't know if true, but heard once u sell. you're automatically audit
coinbase wants to know everything about you going in, and will report everything to the IRS. if you want to exchange your crypto for fiat and not pay taxes, then... that's on you. But there are plenty of ways to spend crypto directly and it never comes back to you if you were diligent throughout.
Positivity crew
11-25-2021, 07:30 PM
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#38
- chalup
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- chalup
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Originally Posted By nick5569⏩
LMAO bruh it must suck to think like this. On a linear timeline BTC will become more scarce as fiat becomes more abundant. In lamens terms everything will become cheaper with BTC while everything will cost more with fiat.Just lol at anyone who doesn't realize crypto is just another plot planned by the elites/government to get the peasants to buy into digital/traceable currency
CASH can't be tracked since it's physical (like gold) and that's why you are seeing a push away from those currencies
open your eyes, as usual the government wants total control over you
CASH can't be tracked since it's physical (like gold) and that's why you are seeing a push away from those currencies
open your eyes, as usual the government wants total control over you
11-25-2021, 07:31 PM
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#39
Originally Posted By nick5569⏩
Only difference is that with currency you’re subject to inflationJust lol at anyone who doesn't realize crypto is just another plot planned by the elites/government to get the peasants to buy into digital/traceable currency
CASH can't be tracked since it's physical (like gold) and that's why you are seeing a push away from those currencies
open your eyes, as usual the government wants total control over you
CASH can't be tracked since it's physical (like gold) and that's why you are seeing a push away from those currencies
open your eyes, as usual the government wants total control over you
With crypto people are making money
**^^ gone ^^**
11-25-2021, 07:39 PM
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#40
- Jasonw1178
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- Jasonw1178
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Seems like everything is tracked and the governments of the world want to track more and more. Why is it they seem to believe they need to know every transaction? This takes resources. Time, energy, labor, all spent on what exactly? What kills me is they are going for lower and smaller transactions. It's not even about taxes or crime, it's about building a profile on you so they know who's who. So politicians and other government agencies can figure out who is an ally or an enemy.
11-26-2021, 10:16 AM
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#41
Originally Posted By chalup⏩
Sucks to be able to think more than 1 step ahead? Ok buddyLMAO bruh it must suck to think like this. On a linear timeline BTC will become more scarce as fiat becomes more abundant. In lamens terms everything will become cheaper with BTC while everything will cost more with fiat.
Not once have I stated that crypto isn't a fast and easy way to make money at this point in time
I've simply stated that it's a method of convincing people to adopt entirely digital currencies in which the government can monitor
Which essentially means all of it will be taxable and there will be no more "under the table" transfers of money
The future will go something like this:
1) Governments make their own "crypto currencies"
2)Cash will be phased out and no longer able to be used
3)Government bans other forms of crypto
4)you are now even further under government watch/control
11-26-2021, 10:17 AM
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#42
- Barteh
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- Barteh
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Originally Posted By chalup⏩
Wtf is a VPN going to do when I need to show my passport to verify my identity on an exchange and the blockchain and all of it's transactions are public?You know what a VPN is right? I'm not saying its easy but its extremely doable to make your crypto trades untraceable to a certain degree. And no, I don't think they are following you and joe blow right now, maybe in the future for sure but not right now.
11-26-2021, 10:19 AM
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#43
Originally Posted By Jasonw1178⏩
You're on the right track. Think more about WHY the government would want the ability to monitor/trace all transactions and you will be closer to the answerSeems like everything is tracked and the governments of the world want to track more and more. Why is it they seem to believe they need to know every transaction? This takes resources. Time, energy, labor, all spent on what exactly? What kills me is they are going for lower and smaller transactions. It's not even about taxes or crime, it's about building a profile on you so they know who's who. So politicians and other government agencies can figure out who is an ally or an enemy.
11-26-2021, 10:31 AM
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#44
Originally Posted By Serenadium⏩
THIS^, some people just don't want to listen they already have their minds made up.lmfao at retards in this thread.
XMR is fully private.
ETH and BTC are private if you mix your coins.
1. Buy a small amount on a KYC exchange like Coinbase or Bitfiniex (i.e. 10 BTC / 100 ETH)
2. Send the BTC/ETH to your on-chain wallet
3. Send the BTC/ETH to a mixer (i.e. Wasabi wallet / Tornado Cash)
4. Redeem on a fresh on-chain wallet that is not tied to a KYC exchange.
For step 3, if using tornado cash, make sure you don't lose your redemption memo (i lost mine and i have 100 ETH stuck in the mixer forever).
XMR is fully private.
ETH and BTC are private if you mix your coins.
1. Buy a small amount on a KYC exchange like Coinbase or Bitfiniex (i.e. 10 BTC / 100 ETH)
2. Send the BTC/ETH to your on-chain wallet
3. Send the BTC/ETH to a mixer (i.e. Wasabi wallet / Tornado Cash)
4. Redeem on a fresh on-chain wallet that is not tied to a KYC exchange.
For step 3, if using tornado cash, make sure you don't lose your redemption memo (i lost mine and i have 100 ETH stuck in the mixer forever).
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