Well it is not for you.
But if you want to mainstream btc you need to use real companies.
I'm ok with that, but aren't exchanges real companies?
I'm also ok with new companies entering the space, why shouln't I be, but this doesn't mean I'm to support every single one.
I don't like how PayPal's idea works for both fiat and cryptocurrencies that's why I've never used them for fiat and I'm not going to use them for bitcoin.
Exchanges are not mainstream.
Paypal is mainstream.
They aren't mainstream YET, but some are on the right track with millions of fiat curencies exchanged every day.
So what is mainstream in your country?
You need to realize that in order for mainstream acceptance it is going to be tax reportable if your country charges taxes.
to quote you "...I don't want my name to go to some tax agency with a label "owns bitcoins". "
All mainstream in almost all countries will involve taxes.
You're right but I'm going to buy as much time as possible and avoid companies that are going to spy on me for sure like Coinbase, Gemini, PayPal and similar. Some people here use
For now I don't pay no capital gains if I hold for more than a year but I'm also doing my best not to get tagged because it's hard to explain how you got those bitcoins in the first place. If you have a lot of bitcoins that you haven't bought on exchange with KYC you're seen as either dark web trader, sex worker or some other money launderer.
So I am just saying most people in bitcointalk miss out on what mainstream is if they think it won't be taxable.
In my country USA both coinbase and PayPal will report my holdings to the IRS. I will pay the tax and do my accounting correctly.
I did not ask "to be born in the USA"
My birthplace was decided with out my consent. At my older age of 63 I am not going to move out of USA. So for me to correctly support BTC I pay taxes.
Anyone in my position already playing the game legally that can buy PayPal BTC legally should.
Not that they need to buy a lot just some. Hell PayPal just gave 25 dollars to buy 100 usd worth of BTC and I did.
Fine, I'm half your age and I don't know what I'd do if I were at my 60s, but I still wouldn't be ok with PayPal spying on me and not providing me with my private keys. Not saying that you shouldn't use them but many people won't because the same thing can be done cheaper, without KYC and with less fee somewhere else.
