I understand what you are saying a little better now.
You are majorly correct, I could not pull that amount of money out of an institutionalized banking system without throwing red flags. Which is why I am not a fan of banks. I do not need someone to hold my money for me for "safeguarding"
As far as the pushback, Its all about where you are located. I currently reside in a county that has zero building permit requirements, they are not appraising anything I build to go on my taxes. I would have to have a property evaluation for a new site, but thats no problem in my area. Tons of used car lots selling brand new cars, new equipment. In the bible belt, things are a little different. Its not hard for me to give a paper trail if needed. All they have to do is look at my cashed check stubs. I have an income, I pay taxes, I just don't put my money in the banks, I pay zero banking fees, I rarely pay interest on anything, which is how you keep your money to begin with. Once it starts going into the system, people know what you have...
My reference with the click of a button is to "red rooms" where people pay by bitcoin to watch a man, woman, child be tortured to death, by any means they want to view...
While, bitcoin itself likely did not create these issues, it is the main tool used to make these rooms possible, which is the result of an instantaneous digital currency.
Damn, sounds like you live in the type of area I'd like to be in someday.
As for the red rooms, yea, as fucked up as it is that is always going to be there. Sure digital currencies may make it easier as compared to something like the movie Hostel, but if it wasn't Bitcoin, it'd be something else. As I said, the fact that that they ARE able to facilitate such a transaction is both a blessing and a curse.
I understand what you are saying a little better now.
You are majorly correct, I could not pull that amount of money out of an institutionalized banking system without throwing red flags. Which is why I am not a fan of banks. I do not need someone to hold my money for me for "safeguarding"
As far as the pushback, Its all about where you are located. I currently reside in a county that has zero building permit requirements, they are not appraising anything I build to go on my taxes. I would have to have a property evaluation for a new site, but thats no problem in my area. Tons of used car lots selling brand new cars, new equipment. In the bible belt, things are a little different. Its not hard for me to give a paper trail if needed. All they have to do is look at my cashed check stubs. I have an income, I pay taxes, I just don't put my money in the banks, I pay zero banking fees, I rarely pay interest on anything, which is how you keep your money to begin with. Once it starts going into the system, people know what you have...
My reference with the click of a button is to "red rooms" where people pay by bitcoin to watch a man, woman, child be tortured to death, by any means they want to view...
https://cointelegraph.com/news/two-teens-arrested-after-paying-bitcoin-to-see-livestream-murder-on-dark-web
While, bitcoin itself likely did not create these issues, it is the main tool used to make these rooms possible, which is the result of an instantaneous digital currency.
Damn, sounds like you live in the type of area I'd like to be in someday.
As for the red rooms, yea, as fucked up as it is that is always going to be there. Sure digital currencies may make it easier as compared to something like the movie Hostel, but if it wasn't Bitcoin, it'd be something else. As I said, the fact that that they ARE able to facilitate such a transaction is both a blessing and a curse.