What should someone do if they want to turn legal funds into anonymous crypto? Do you think BTC->XMR is a sketchy thing to do if the BTC is linked to your identity?
I'd like to have some anonymous money just in case the future gets really dark, but I'm not sure if it's wise to flag myself as a BTC purchaser that changes to XMR.
Define sketchy? Many of us buy and sell XMR under our real identities regularly, and don't have any problems.
Of course, if the future is dark enough for a list of everyone who has ever bought XMR to be compiled, then your name would be on it, along with mine.
If you're worried about that, I suppose you could distribute the XMR to a bunch of different addresses over some length of time. (All addresses you control, unbeknownst to the authorities.) Then if they do hunt you down you have a plausible story that you spent it all.
stop using surveillance coins to begin with and just use Monero natively instead of as a conduit
In the mean time pollute the pool by doing more lawful transactions in monero, monero is half as old as bitcoin and has only been used on darknet markets for half of that due to its older user experience challenges
Just swap to the more fungible asset. Its a flight to liquidity the market always chooses that.
The state just figured out how to use transparent blockchains as a tool a decade late and the market has already moved on
You have the right ratio of technical knowledge and command of language to potentially make anything you write, believable. Do you have a blog of sorts?
I'm glad to read that, I just hope it is enough information for everyone reading this to be able to independently corroborate, without any further knowledge of my credentials.
Best way is to find someone on a service like local bitcoins who can meet you in a public place and sell you btc for cash. You can wait a bit to get a couple confirmations.
It's too time-consuming and/or dangerous to do any meaningful amounts, and it is monitored. You would probably have to wear a mask at the drop as well and things like that. Safer to just coinjoin + mix + xmr.
^ this right here if you're patient and only need to break even.
even in hot climates where power isn't cheap enough, buying digital asset mining computers to breakeven or even take a 5-8% loss is the best way to convert any amount of money from that local economy into the global digital economy.
For small amounts, to pay for VPNs or whatever, find an exchanger who you trust, and ~anonymously mail cash to them. Then anonymize the cryptocurrency. For Bitcoin, mix multiple times, via Tor (Whonix) and using a different wallet and mixing service for each mix. If you lose some, it's no big deal.
For real money, hire someone who knows what they're doing.
I'd like to have some anonymous money just in case the future gets really dark, but I'm not sure if it's wise to flag myself as a BTC purchaser that changes to XMR.