I have been a lurker for a little over a year now and am wondering how vendors possibly launder in 100,000 worth of btc into fiat and how they justify having so much btc. I feel with the influidity of btc it is almost impossible
worth it all?
I have been a lurker for a little over a year now and am wondering how vendors possibly launder in 100,000 worth of btc into fiat and how they justify having so much btc. I feel with the influidity of btc it is almost impossible
[11 Points] None:
[2 Points] YeOldeShoppe2:
Well, one thing on the bright side is that the need to convert BTC into fiat diminishes a little more every month it seems.
Surely there are a lot of pieces to the puzzle that you need in order to run a successful operation for any significant period of time. How to handle the currency is definitely one of them.
Sometimes people become vendors because they have access to a bunch of really cheap drugs. Others because they have access to fantastic methods of laundering money. And some of them have both. And some of them have a brother in law with a gambling problem who works for the DEA. I'm just saying there are all sorts of scenarios that make it worthwhile for people.
[1 Points] None:
Bitcoin is not influid. In-fact, it is very fluid, just very volatile to price changes
[1 Points] vendorini:
as a vendor i can tell you it's a pain in the ass. but it sure beats sitting in a cubicle sucking corporate dick. the knowledge that i'm giving the middle finger to the fucked up authoritarian society we live in makes it all worth it.
[0 Points] ravendarkh0lme:
Worth it all?
Yes...
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