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0 pointslynx2345y ago0 comments

this is where decentralized exchanges like Uniswap come into play, no KYC, no account

0 comments

And how do you move your money to/from a DEX? It still needs a regulated exchange like Coinbase to interface with Fiat money, no?

thinkmassive5y ago

You can sell goods and services locally and accept Bitcoin as payment. Craigslist even added a “cryptocurrency ok” flag you can set on your posts.

LocalBitcoins enables face to face transfers.

Bisq is a DEX that enables remote exchanges using any form of payment, including most centralized payment services, and even cash through snail mail.

RestlessMind5y ago

But then, the seller has to pay taxes - either business taxes if it is a merchant or capital gains taxes in case they sold an asset. And taxes are paid only in Fiat. So you still need Fiat integration somewhere.

vinay_ys5y ago

Yes, that's correct. Basically, bitcoin doesn't have privacy and is losing self-sovereignty through regulation.

j / k navigate · click thread line to collapse

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RestlessMind5y ago

And how do you move your money to/from a DEX? It still needs a regulated exchange like Coinbase to interface with Fiat money, no?

thinkmassive5y ago

You can sell goods and services locally and accept Bitcoin as payment. Craigslist even added a “cryptocurrency ok” flag you can set on your posts.

LocalBitcoins enables face to face transfers.

Bisq is a DEX that enables remote exchanges using any form of payment, including most centralized payment services, and even cash through snail mail.

RestlessMind5y ago

vinay_ys5y ago

Yes, that's correct. Basically, bitcoin doesn't have privacy and is losing self-sovereignty through regulation.

j / k navigate · click thread line to collapse