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Author Topic: How safe are physical exchanges in your neighborhood.  (Read 887 times)
carlfebz2
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August 22, 2023, 09:29:08 PM
 #141

This is the first time I'm hearing about a physical exchange of Bitcoin and I hope the OP or those who have tried these services can tell us what countries they live in and how it works. This is just out of curiosity and knowledge of something new, but personally I would never venture to use these services if the country does not support crypto services. In the most extreme cases, if I have to use it, I prefer to maintain as much privacy as possible, such as visiting stores that are not in my neighborhood, or dividing the amount that I want to exchange into more than one part, and asking some friends to exchange it for me at new addresses. It is not without risk, in my opinion.
When the country hadn't legally providing support for the service, it is really risky to run the exchange service. In my country I haven't come across these kind of services, but I have the thought of opening a store to support people to know about bitcoin and invest into it. In my country the same problem, the government isn't steady in its position. Anytime something against the service can happen, better is to stay away from these kind of services. However in my understanding these services surely help with the spread about bitcoin.

Always do what is legal. It's nice to think about something like this, but if it's not legal in your country, it's not the right thing to do. People often make videos on social media to share their knowledge about Bitcoin with other people. If it's not legal to open such a business in your country, you can make a video to appeal to a specific audience and pass on your knowledge.

My hope is that Bitcoin will eventually be legally accepted in countries. Bitcoin ATMs are available and used in my country. Especially people from abroad use these ATMs. Some cafes have Bitcoin payment options. These should be everywhere in the world. Because people deserve to pay and shop with a single currency everywhere.
It is important to note that it is not easy for countries to adopt bitcoin in a decentralized way, and that even countries that adopt bitcoin uses partially or completely treat it as fiat digital money, since it is not possible to maintain the required amount of privacy, and therefore there is no benefit. Who can use it since fiat money can be used in the same way. Today, in the countries with the largest rates of crypto users, we find that stablecoins, whose backed by the dollar, are the most used.
So it does basically shows that people do still end up on touching up those centralized things rather than on focusing into something that been decentralized? Not new anymore, considering that we are making use

of these platforms or companies which are heavily centralized then expect that everything is been traced out or simply having that kind of removing that full anonymity on which you are really that liking for.
This is why on the time that you do touch up these areas then dont expect about that decentralized aspect because its already been that removed since it do offers something that contrary. In speaking about having that digital currency then i do agree with those points and this is why people cant really see much difference in speaking about their usage or on how  its utility do work.
Being safe, then not that totally but we are still on that positive side though because we know that different situations could possibly happen along the way which brings out that total disaster
if things turns out to be messy.

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August 23, 2023, 06:53:38 AM
 #142

This is the first time I'm hearing about a physical exchange of Bitcoin and I hope the OP or those who have tried these services can tell us what countries they live in and how it works. This is just out of curiosity and knowledge of something new, but personally I would never venture to use these services if the country does not support crypto services. In the most extreme cases, if I have to use it, I prefer to maintain as much privacy as possible, such as visiting stores that are not in my neighborhood, or dividing the amount that I want to exchange into more than one part, and asking some friends to exchange it for me at new addresses. It is not without risk, in my opinion.
When the country hadn't legally providing support for the service, it is really risky to run the exchange service. In my country I haven't come across these kind of services, but I have the thought of opening a store to support people to know about bitcoin and invest into it. In my country the same problem, the government isn't steady in its position. Anytime something against the service can happen, better is to stay away from these kind of services. However in my understanding these services surely help with the spread about bitcoin.

Always do what is legal. It's nice to think about something like this, but if it's not legal in your country, it's not the right thing to do. People often make videos on social media to share their knowledge about Bitcoin with other people. If it's not legal to open such a business in your country, you can make a video to appeal to a specific audience and pass on your knowledge.

My hope is that Bitcoin will eventually be legally accepted in countries. Bitcoin ATMs are available and used in my country. Especially people from abroad use these ATMs. Some cafes have Bitcoin payment options. These should be everywhere in the world. Because people deserve to pay and shop with a single currency everywhere.
It is important to note that it is not easy for countries to adopt bitcoin in a decentralized way, and that even countries that adopt bitcoin uses partially or completely treat it as fiat digital money, since it is not possible to maintain the required amount of privacy, and therefore there is no benefit. Who can use it since fiat money can be used in the same way. Today, in the countries with the largest rates of crypto users, we find that stablecoins, whose backed by the dollar, are the most used.
So it does basically shows that people do still end up on touching up those centralized things rather than on focusing into something that been decentralized? Not new anymore, considering that we are making use

of these platforms or companies which are heavily centralized then expect that everything is been traced out or simply having that kind of removing that full anonymity on which you are really that liking for.
This is why on the time that you do touch up these areas then dont expect about that decentralized aspect because its already been that removed since it do offers something that contrary. In speaking about having that digital currency then i do agree with those points and this is why people cant really see much difference in speaking about their usage or on how  its utility do work.
Being safe, then not that totally but we are still on that positive side though because we know that different situations could possibly happen along the way which brings out that total disaster
if things turns out to be messy.
What I meant is not to expect the best when some countries officially recognize Bitcoin as legal tender, as happened in El Salvador and Central Africa, and not when it is recognized as a commodity in the form of a digital asset, as the UAE did, for example, or many other countries without recognizing it as legal tender. .
Achieving financial independence using Bitcoin can never be through centralized media such as banks or financial institutions supported by governments because this cannot provide the required amount of privacy to ensure that independence.
Countries adopting Bitcoin in any form means raising the level of awareness among people and introducing them to the role that Bitcoin can play in their lives, but they must also be aware that this will not happen without completely getting rid of any central authority.
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