13 ms·

except that person(s) you gave and received the cash from know who you are.

by funstuff007 3y ago

marksmith2996 3y ago
only if they're still alive
- 8note 3y ago
  Or if they brought their phone with them
  - alex_young 3y ago
    In this scenario the person transacting the bitcoin murdered their counterparty but the cellphone is still intact?
    - hedora 3y ago
      Either that, or they didn't ask the counterparty to uninstall google maps before the meeting.
      - alex_young 3y ago
        It’s a pretty amusing crime plot in any case. If your goal is to find people to off who have money on them there are surely less complicated options.
noduerme 3y ago
in reality, no, they don't know who I am. Back when LocalBitcoins.com facilitated face to face trades for cash around the world, you just had to have a high rating from previous transactions. Now... how safe do you feel showing up to meet an anonymous guy in a bar with thousands of dollars in Benjamins? That's the downside of being anonymous. /edit: The downside of operating completely outside the system. /edit 2: I should also clarify that I never cashed out my casino's BTC in this manner. That obviously wouldn't make sense because anything that touched a casino wallet would be traceable to that nexus. I only used it to bring extra spending cash and rent money to countries where it was hard or expensive to transfer USD through banks.
- nibbleshifter 3y ago
  I bought and sold bitcoin in exactly that way (in person, in public) back in the day. Never has anything even remotely untoward happen. Just sit, have a beer, wait for confirmations to happen, and be on your way.
squeaky-clean 3y ago
Are Bitcoin ATM's still a thing? There used to be one in a coffee shop near where I lived. If I deposited cash and wore a facemask and sunglasses, how would anyone ever know who did the transaction?
- MivLives 3y ago
  They require a phone number and an ID in some cases. Their exchange rates are normally not great either.
  - vertis 3y ago
    Bad exchange rates are the cost of money laundering, along with the eventual jail sentence.
- gertlex 3y ago
  A couple months ago, I was incredulous when I noticed about a half dozen of them on google maps within a mile radius of where I am in San Jose. I haven't gone looking for them physically, though.

except that person(s) you gave and received the cash from know who you are.

marksmith2996 3y ago

only if they're still alive

8note 3y ago
Or if they brought their phone with them
- alex_young 3y ago
  In this scenario the person transacting the bitcoin murdered their counterparty but the cellphone is still intact?
  - hedora 3y ago
    Either that, or they didn't ask the counterparty to uninstall google maps before the meeting.
    - alex_young 3y ago
      It’s a pretty amusing crime plot in any case. If your goal is to find people to off who have money on them there are surely less complicated options.

noduerme 3y ago

in reality, no, they don't know who I am. Back when LocalBitcoins.com facilitated face to face trades for cash around the world, you just had to have a high rating from previous transactions. Now... how safe do you feel showing up to meet an anonymous guy in a bar with thousands of dollars in Benjamins? That's the downside of being anonymous. /edit: The downside of operating completely outside the system. /edit 2: I should also clarify that I never cashed out my casino's BTC in this manner. That obviously wouldn't make sense because anything that touched a casino wallet would be traceable to that nexus. I only used it to bring extra spending cash and rent money to countries where it was hard or expensive to transfer USD through banks.

nibbleshifter 3y ago
I bought and sold bitcoin in exactly that way (in person, in public) back in the day. Never has anything even remotely untoward happen. Just sit, have a beer, wait for confirmations to happen, and be on your way.

squeaky-clean 3y ago

Are Bitcoin ATM's still a thing? There used to be one in a coffee shop near where I lived. If I deposited cash and wore a facemask and sunglasses, how would anyone ever know who did the transaction?

MivLives 3y ago
They require a phone number and an ID in some cases. Their exchange rates are normally not great either.
- vertis 3y ago
  Bad exchange rates are the cost of money laundering, along with the eventual jail sentence.
gertlex 3y ago
A couple months ago, I was incredulous when I noticed about a half dozen of them on google maps within a mile radius of where I am in San Jose. I haven't gone looking for them physically, though.