Post
Topic
Board Speculation
Re: Does anyone think it will be much harder to buy bitcoin later on down the road?
by
bitterguy28
on 12/10/2022, 10:27:02 UTC
Just wanted everyone's thoughts on how easy it is to get bitcoin now, and what getting bitcoin might be like in the future? For example, I can simply go on cashapp and buy btc, send to a wallet I own the keys to. I can also use localbitcoins, paxful, I mean the list is kinda endless. Will that list become...not so endless in the future as the value gets higher?
In future the purchase of Bitcoin will be more easier than as if now and yeah you are right its simply will be like load money in an app and buy Bitcoin with whatever the market price along with the commission. But now we have more ways to buy Bitcoin anonymously and I am not sure there will be many ways in the future as well to buy Bitcoin.
actually depend in implementation of those countries that has banning , because if the technology in the future will allow them to detect and stop any transactions then it will be the way as hard to find bitcoin purchasing in their region though lucky for those who has no restrictions .
Detect? How would you be able to not detect it right now anyway? If you are using a centralized exchange to turn your crypto into fiat, or fiat into crypto that means you are giving your KYC to that exchange and that means the government would always be able to know how much crypto you have. This is of course not a thing that would matter if you are purely in crypto and never deal with fiat but that has always been like that.

So, there is really no need to figure out how to do it, hire a bunch of people to SEC that will take a closer look at crypto transactions and the tech is already there, blockchain is the ledger for and KYC on exchanges is the key to it.
well this is if you are using centralized exchange that requires KYC but if decentralized then still government or in any form cannot just detect you nor lock/take your funds .
but indeed that eventually or at least now that there are ways to detect by the government .