Can I buy a pizza with it or pay my bills with it? Can my employer pay me in it? Or is it just an “emperor’s new clothes” thing? I just don’t see the tangible value in it. Rhetorical questions, BTW, I know you can’t buy a pizza with it, at least outside of some edge cases that I’m not aware of.
I thought what made money money was everyone agreed it was valuable and was willing to exchange it for goods and services directly. I don’t see that with crypto.
I really don’t think you understand how deep KYC goes, and how patterns get established based on wallets. This is not “loony” stuff- OSINT people do this in their spare time. Your wallet is tracked and known and connected to your dealer already by people. But hey, you do you. Just remember that you have been warned three times.
First off, read the Privacy Guides recommendations for crypto: Monero only as it provides privacy by default. https://www.privacyguides.org/en/cryptocurrency/
Second, have you done KYC anywhere else? That CAN get connected indirectly to your wallet. How do you GET cash to pay Johnny Shadyshit? Did you pull out enough to also match that cash in the amounts paid by Shadyshit to a wallet within the same general time frame? Feds have this records, and if they roll Johnny, that’s classic data they use to build a case. Did someone stupid that your dealer sells to have their girlfriend deposit money from Coinbase and send the exact same amount to their boyfriend who send the same amount to the dealer? They’re connected to you, too. People you’ve never MET are making nodes on the network mapping. https://discuss.privacyguides.net/t/my-journey-without-kyc/36366
Edit: And hey, I get it. Back in the day, my guy told no one to bring cash by their place ever again because he knew local PD were likely sitting across the street. So he made everyone pay him with PayPal. Park a couple blocks away, pay with what was, at the time, " less traceable" because it wasn’t a break-in robbery risk for him, and cash on hand is also something cops will get you for.
My guy, you might as well keep going with what you’re doing. Fighting with anyone about it is straight up foolish in the face of everything I’ve showing you. But remember, you’re taking a risk to maybe/maybe not be yet another example of someone ignoring all the warnings.
https://finance.yahoo.com/markets/crypto/articles/bitcoin-worth-35-million-tied-213110010.html https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction https://www.crimeworld.com/ireland/how-30m-bitcoin-seizure-from-dublin-drug-dealer-could-lead-to-360m-jackpot-for-state/a/144477652.html https://komonews.com/news/local/king-county-dealer-amassed-287k-in-crypto-selling-drugs-on-the-dark-web-meth-fentanyl-dealing-guns-weapons-handgun-rifle-ak-explosion-shot-crime-investigation-homeland-security-seattle-washington-money-thousands