To cash out you'd have to check localbitcoins and see if there's people near you that want to buy what you're willing to offload. The only downside to this is getting robbed or the police stinging and charging you with money laundering or some crap like that.
Thats why I said I don't like localbitcoins.
I just dont know why satoshi made the blockchain like this. Who in hell is going to not do something about it if they can, to make it more anonymous?
I just want to cash a couple hundred USD to enjoy my vacations ffs.. but if I do, the blockchain will trace where all the bitcoin comes from and they can tell my total holdings. This is stupid. Everyone with half a brain is going to try to avoid this, so why not make it invisible by default?