• db0@lemmy.dbzer0.comM
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    24 days ago

    Soliciting donations and using fucking bitcoin of all things is mind blowing to me. How are you gonna get your money out without everyone tracing you?

    • uxellodunum@lemmy.ml
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      18 days ago

      Bitcoin is pseudonymous - Transactions are transparent, yes, but the addresses are not linked to any PII - The exception comes in when the user uses a Centralised Exchange that does exactly this, it bridges anonymous addresses with PII via KYC.

      Bitcoin can be sold anonymously using P2P DEXs (decentralised exchanges), where the fiat transaction has no link to Bitcoin.

      That’s assuming they even would want to sell.

      All in all, it comes down to how the user uses the tool. Bitcoin can be as privacy preserving as anyone wants. But if they KYC, they can kiss any privacy goodbye, and really, that’s the misunderstanding that has reached most non-Bitcoin users these days. Experiences based on a lack of understanding.

    • Nora@lemmy.ml
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      24 days ago

      Could you not do BTC to XMR then to w.e else after that? And if youre donating you should do XMR to BTC.

      • Chewy@discuss.tchncs.de
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        24 days ago

        Another problem with BTC is the extremely high transfer costs. Donating XMR directly makes smaller donations viable, while BTC is only attractive for large donors.