undefined | Better HN

0 pointsxtracto4y ago0 comments

This hasnt been a problem forvseveral years. There are different options:

- buy international prepaid cards for legal dervices (bitrefill)

- use p2p local crypto exchanges: localcrypto, localmonero (in some countries this can be 100% anonymous by using the "withdraw from atm with 1 time code" bank services)

- Exchange to alternate "tokens" that are legal (anyone remembers Linden dollars to BTC market around 2010?)

- Exchange locally via sneakernet.

0 comments

LegitShady4y ago

>buy international prepaid cards for legal dervices (bitrefill)

within the country, you'd be committing a crime acquiring stuff using crypto. The cards are international but you're committing the act locally.

>use p2p local crypto exchanges: localcrypto, localmonero (in some countries this can be 100% anonymous by using the "withdraw from atm with 1 time code" bank services)

Will all be banned and illegal services. If it touches a bank you'll likely get extra charges on top for money laundering or similar.

>Exchange to alternate "tokens" that are legal

That will be tracked by the government if legal, or illegal if not tracked.

>Exchange locally via sneakernet

"exchange on black market"

None of these things are solutions.

betwixthewires4y ago

Your point boils down to "but it will be illegal." The point you're responding to that you missed was "it doesn't matter if it is illegal, people will do it." All of those are just examples of ways to avoid getting caught. They're not solutions to it being illegal, they're solutions to getting caught.

jazzyjackson4y ago

I think there’s a distinction between “people will do it even tho its illegal” and “illegality prevents mass adoption” - the government still achieves its goals if the only opportunities to transact with crypto are mired in legal risk.

1 more reply

EugeneOZ4y ago

Every option looks risky, people will not use it widely.

j / k navigate · click thread line to collapse