First of all: I’m not a fan of Bitcoin, I never was. I’m not convinced that it functions the way electronic cash should function. Maybe it does, what it was intended to do (digital gold, store of value, scarcity), but at least the title of the whitepaper is very misleading, because it’s absolutely nothing like cash.
A public, transparent ledger & a maximum supply may be great for protection against inflation & debasement, but it’s a nightmare for individual & collective privacy. If someone links your public adress to your real identity, your cover is blown. You can’t silently move your coins or pretend you lost them. If you buy something & the receiver adress is also not anonymous, it’d be clear what you bought, how much you spent & how much you hold currently. It’d be fine if the only ones who knew it would be trustworthy people. Unfortunately oppressive, outright evil & diabolical governments exist, which can also find that out.
Bitcoin is simply lacking fungibility & privacy, which is why I can’t call it perfect money.
This is not news, Bitcoin isn’t anonymous, especially with all the regulation these days. Everybody knows this by now, except a bunch of boomers, who still believe Bitcoin is the “currency of the dark web” & that only criminals use it to hide their identity when transacting.
Reason for my post: I may not like Bitcoin, but I must admit I’m bullish long term & I want to hold some (buy & leave it in cold storage for years). I think media will continue to promote/shill it & future generations are more likely to hold something like Bitcoin, rather than Gold.
Stock-to-flow is very high & it simply is scarce, not everyone can own a lot of Bitcoin, it prices people out. That’s kinda all it has going for it, but I believe it’s enough to make the price go up. I’m in it for the momentum & potential & would trade it for assets I really desire, if the price of Bitcoin gets high enough for me to aquire these assets.
My actual question is:
How can I buy Bitcoin safely & anonymously, without KYC?
All the research I did points me to buying with cash. But how can I even make sure that the coins I’m buying with cash aren’t tainted & weren’t mixed?
I may not care if I buy ‘dirty’ Bitcoin, but maybe an exchange will, once I deposit my Bitcoin to sell them. Maybe peer-to-peer options won’t exist 10 years from now due to regulation & trade for fiat will only be allowed through centralized exchanges, which could freeze/confiscate my Bitcoin if they blacklisted my wallet for receiving Bitcoin from another blacklisted wallet in the past.