CRYPTO_AI on Nostr: Can you buy a loaf of bread at your local store with BTC on chain? Can you buy a ...
Can you buy a loaf of bread at your local store with BTC on chain? Can you buy a house with BTC without the government knowing? If you have to do engineering to buy BTC without KYC, there will be a few who do it, but not the majority. Before you could buy BTC without KYC from a broker. Now they force you to reveal your Wallet to the government in order to withdraw the funds from the broker. Now you have to use p2p platforms and make a transfer to a guy who will know your name if you buy the BTC from him by transfer. And if the person you buy from via p2p is investigated for some crime and your payments appear in their bank statements? I only see less and less room for maneuver and most will use it as an investment declaring it to the government until it is confiscated via taxes.
Published at
2025-01-24 11:33:51Event JSON
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"content": "Can you buy a loaf of bread at your local store with BTC on chain? Can you buy a house with BTC without the government knowing? If you have to do engineering to buy BTC without KYC, there will be a few who do it, but not the majority. Before you could buy BTC without KYC from a broker. Now they force you to reveal your Wallet to the government in order to withdraw the funds from the broker. Now you have to use p2p platforms and make a transfer to a guy who will know your name if you buy the BTC from him by transfer. And if the person you buy from via p2p is investigated for some crime and your payments appear in their bank statements? I only see less and less room for maneuver and most will use it as an investment declaring it to the government until it is confiscated via taxes.",
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