Wrong. They outlawed crypto used to fund "terrorism" as well. Only Monero survives this type of law. Tainted coins are a real thing.
Ontario declares State of Emergency!
- Thread starter The_Krakenite
- Start date
Wrong. They outlawed crypto used to fund "terrorism" as well. Only Monero survives this type of law. Tainted coins are a real thing.
Ok, dude, if you say so
They can outlaw it, but it does not affect bitcoin owners
Good luck with your monero, btw, it was a big part of my crypto portfolio a few years ago but I own 0 monero now
Gotta hand it to ya John, you called it.
Guess I should have should have stocked up on bit coin when you recommended it. Problem is there isn't anywhere to spend it up here and I can't get across the border because of the protestors. So far I can still access my bank accounts and I'm waiting for BTC to confirm an uptrend. Maybe next week.
FWIW; Declaring an Emergency was unnecessary, all the laws they need are in place, it's just that no one wants to enforce them.
Spending bitcoin or any cryptos is not the goal
Having decentralized, censorship-resistant, trustless, permission-less money and store of value is
For example, if I was living in Canada right now and for some reason was targeted and all my accounts frozen, they cannot freeze my assets below. In fact, they have no idea I have them
When me or any member of my family is able to cross to the US or any country, I can send an amount to turn into cash or goods or services
You acquired these Bitcoin without an identity anchor? No exchanges/KYC involved? Nice.
Some of the bitcoins are KYC'ed
Compartmentalized by creating specific addresses for receiving specific bitcoins and perform advanced coin-controls when spending and use another wallet for intermediate transfers to and from
A long time ago, you can purchase bitcoins from Virwox using Linden $. Virwox is non-US based entity
What is nice is that you can use credit cards to purchase Linden $ (Second Life virtual currency), then once you have them in your Virwox account, trade them for bitcoins
Virwox is closed so any KYC credit cards there are no longer available
https://www.virwox.com/index.php
The point is that even if they are KYC'ed bitcoins, it does not matter any longer once they are in local wallets
That goes for the USDC cryptos
All cryptos are on the blockchain(s)
No one can seize or freeze your bitcoins/cryptos, unless you tell them you have them and they force you
Hey John; If you don't mind, walk me through the process of moving money. It doesn't even have to be anonymously. I have heard that fees for ATMs are very pricy. (+10%).
How would I go about getting hold of $5000 to pay my rent.
Let me separate 2 functions of bitcoin/cryptos as a store of value. In the picture on my post, there's over half a million US $ but as you mentioned, you do not need to spend that much for life expenses
So, to get $5,000 to spend in Canada, the easiest is to have a Coinbase account and a PayPal account with a PayPal debit card
You can transfer some bitcoins to Coinbase from the wallet, sell $5000, instantly transfer to PayPal 24/7 and spend using the PayPal credit card, all within the span of 10-20 minutes depending on bitcoin block confirmations
I've done this in the middle of the night, using Coinbase, instantly transferred $10,000 to PayPal account. PayPal debit card can take $$$ from any ATM worldwide
This place also allows you to wire money to you bank and it's located in Canada https://ledn.io/en/
But all of these are not functional if the financial system in Canada are in disarray due to Emergency Martial Law situation
Hence, this is where bitcoin and cryptos shine. You do not need to utilize the financial systems in Canada
I just wish you crypto guys would develop a private stable coin. I have no desire to buy a speculative form of cash.
Look at all the gymnastics you have to go through just to avoid KYC.
Look at all the gymnastics you have to go through just to avoid KYC.
There is no need to avoid KYC all the time
Addresses do not have names or addresses
I don't think you use cryptos
I've done hundreds if not thousands of on-chain cryptos transactions
Believe me, there's enough built-in privacy with bitcoins and cryptos
Unless you're a hardcore criminal like a drug-dealer or ransomware hacker or an assassin for hire, you do not need anymore privacy where international LEO's or even US authorities are looking for people like you
Trust me, you do not need monero-type level of privacy crypto, Agent 007