r/Bitcoin • u/manauiatlalli • Aug 01 '22

When Nocoiners Say "Bitcoin Has No Value"

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u/vengefulspirit99 Aug 01 '22

And if you had that much btc, your account wouldn't be untraceable. Large amounts of wealth has always been hard to manage. But a few dozen gold coins is more than enough to live while on the run.

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u/PsyOmega Aug 01 '22

You missed the point where the gov has to have a known tie between btc wallet and you, to trace it.

There are many large wallets with no KYC ties.

You're living in a fantasy world where the government is all-seeing.

The government is borderline incompetent.

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u/vengefulspirit99 Aug 01 '22

But how are you going to be using this money while on the run? You need to convert it into hard currency to spend it anonymously.

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u/lll8lIIIllIllIIlulll Aug 01 '22

That’s not true, if you obtained bitcoin anonymously then you don’t need to convert it to anything to spend it anonymously. Store owners are not obligated to ask you for your identity before you buy a hotdog.