Something I don't understand. What's the point of obfuscation if ultimately you can be caught when you try to convert it to fiat?
If I have Btc and I convert it to monero to prevent tracking, how do I get it back to money in my bank account without being traceable?
Well, what you're asking about is basically a business. Most folks make bank just by setting up that kind of circle. I'd suggest reading up on front businesses like luxury restaurants that sit empty most of the time. it's such a classic play, everyone knows it. If you've got BTC and want to get it back into your bank account, hit me up anytime.
Alice and Bob may have a surprise in store --- the trust issues, the cost issues and the hoops they'll need to jump through in order to buy Monero, store it in a custodial wallet and then convert it back into fiat if needed.
Something I don't understand. What's the point of obfuscation if ultimately you can be caught when you try to convert it to fiat? If I have Btc and I convert it to monero to prevent tracking, how do I get it back to money in my bank account without being traceable?
Bitcoin's traceability ruins its fungibility.
Well, what you're asking about is basically a business. Most folks make bank just by setting up that kind of circle. I'd suggest reading up on front businesses like luxury restaurants that sit empty most of the time. it's such a classic play, everyone knows it. If you've got BTC and want to get it back into your bank account, hit me up anytime.
Monero is the only real cryptocurrency.
Alice and Bob may have a surprise in store --- the trust issues, the cost issues and the hoops they'll need to jump through in order to buy Monero, store it in a custodial wallet and then convert it back into fiat if needed.
Because your auntie is using BTC to pay for her coffee? If anything she's using cashapp.