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by funstuff007 1156 days ago
except that person(s) you gave and received the cash from know who you are.
3 comments

Are Bitcoin ATM's still a thing? There used to be one in a coffee shop near where I lived. If I deposited cash and wore a facemask and sunglasses, how would anyone ever know who did the transaction?
They require a phone number and an ID in some cases. Their exchange rates are normally not great either.
Bad exchange rates are the cost of money laundering, along with the eventual jail sentence.
A couple months ago, I was incredulous when I noticed about a half dozen of them on google maps within a mile radius of where I am in San Jose. I haven't gone looking for them physically, though.
in reality, no, they don't know who I am. Back when LocalBitcoins.com facilitated face to face trades for cash around the world, you just had to have a high rating from previous transactions. Now... how safe do you feel showing up to meet an anonymous guy in a bar with thousands of dollars in Benjamins? That's the downside of being anonymous. /edit: The downside of operating completely outside the system.

/edit 2: I should also clarify that I never cashed out my casino's BTC in this manner. That obviously wouldn't make sense because anything that touched a casino wallet would be traceable to that nexus. I only used it to bring extra spending cash and rent money to countries where it was hard or expensive to transfer USD through banks.

I bought and sold bitcoin in exactly that way (in person, in public) back in the day.

Never has anything even remotely untoward happen.

Just sit, have a beer, wait for confirmations to happen, and be on your way.

only if they're still alive
Or if they brought their phone with them
In this scenario the person transacting the bitcoin murdered their counterparty but the cellphone is still intact?
Either that, or they didn't ask the counterparty to uninstall google maps before the meeting.
It’s a pretty amusing crime plot in any case. If your goal is to find people to off who have money on them there are surely less complicated options.