You need to provide your identity, when you buy something on credit, which is all transactions except cash, even when the swap seems instant like when you use your debit card.
The reason you need to identify yourself when you are NOT using cash should seem obvious.
Cash requires proof of identification in many places too. The only thing that doesn't require id are bartering with instant exchanges/transactions. Bartering includes precious metals and crypto.
Haha. It's not credit. You have bought crypto for currency. Yes it has often turned into credit because it has no fixed value. Then it's further swapping back into currency. Ding ding, a taxman, or banking cartel stooge suddenly wants to know where you got your cash.
At what point did you need an I.D, you either had the values bought and transacted, or you didn't.
It's not for your benefit. All you need was proof of transaction. Proof of your wallet. If your exchange wasn't protected by crypto. Or if you didn't have a receipt for the goods or services sold. Because you went to bucks fucks, and there's no refunds.
But it's all those other eyes wanting to monitor your capital. They aren't the buyer, seller, or the prior exchange. They're the government wanting to I.D your cash instead. No sooner did they want a credit, cashless society for their peak carbon renewable electricity.
No no, you're not understanding. If you buy anything, except for if you buy it with cash, you're buying on credit. Just because you walk out of the store with the purchase in your hand, that doesn't mean that the bank and the retailer have made the journal entries in their respective ledgers. You are walking out of the store with a credit purchase. How do you think you're able to dispute credit card purchases?
Not what crypto had planned by being an exchange. The credit is only the movement of exchanged capital from transactor to the transaction. What every exchange provides. It therefore only needed an ID of the transaction, not your personal details to the seller. Any default, the exchange should have covered by being a provider, protecting your anonymity. Let's suggest you previously went to bucks fucks, swapping crypto for getting screwed. At no point did you also want to be blackmailed for it.
Credit Cards need your identity, because Blow Joe might have nicked your credit card while you went to bucks fucks. Hence it had your name and signature on it.
Of course now they want to get rid of Bucks Fucks cash flow monitoring just what is being cryptoed.
They want to monitor everything. No sooner are they attempting to turn it into another credit card. Except it will sooner be all dystopian and digital. Fully chipped and I.D'ed. Because they're also thinking how nice it would be to just go and fully remove cash altogether, so they can track and tax you, indebting you completely. Meanwhile more and more middlemen take a cut and inflation soars.
I agree it was never meant to be this press. But its grubby hucksters were thinking of 10 other ways to take a cut of your cash. Buy ponzi, buy casino money. You can trade it in the Casino where the house wins more of it. Don't worry about fixed rates, they're rigged for you to lose. Offering another service, where the government is sooner thinking how nice it would be to monitor, taxing all of your cash.
Verifying identity. Hahaha. Why if you're buying something, did you need to provide an identity. It's not for your benefit at all.
It must be for the curse of those Irish. Definitely don't want to be buying from them. They need better credentials.
You need to provide your identity, when you buy something on credit, which is all transactions except cash, even when the swap seems instant like when you use your debit card.
The reason you need to identify yourself when you are NOT using cash should seem obvious.
Cash requires proof of identification in many places too. The only thing that doesn't require id are bartering with instant exchanges/transactions. Bartering includes precious metals and crypto.
Haha. It's not credit. You have bought crypto for currency. Yes it has often turned into credit because it has no fixed value. Then it's further swapping back into currency. Ding ding, a taxman, or banking cartel stooge suddenly wants to know where you got your cash.
At what point did you need an I.D, you either had the values bought and transacted, or you didn't.
It's not for your benefit. All you need was proof of transaction. Proof of your wallet. If your exchange wasn't protected by crypto. Or if you didn't have a receipt for the goods or services sold. Because you went to bucks fucks, and there's no refunds.
But it's all those other eyes wanting to monitor your capital. They aren't the buyer, seller, or the prior exchange. They're the government wanting to I.D your cash instead. No sooner did they want a credit, cashless society for their peak carbon renewable electricity.
No no, you're not understanding. If you buy anything, except for if you buy it with cash, you're buying on credit. Just because you walk out of the store with the purchase in your hand, that doesn't mean that the bank and the retailer have made the journal entries in their respective ledgers. You are walking out of the store with a credit purchase. How do you think you're able to dispute credit card purchases?
Not what crypto had planned by being an exchange. The credit is only the movement of exchanged capital from transactor to the transaction. What every exchange provides. It therefore only needed an ID of the transaction, not your personal details to the seller. Any default, the exchange should have covered by being a provider, protecting your anonymity. Let's suggest you previously went to bucks fucks, swapping crypto for getting screwed. At no point did you also want to be blackmailed for it.
Credit Cards need your identity, because Blow Joe might have nicked your credit card while you went to bucks fucks. Hence it had your name and signature on it.
Of course now they want to get rid of Bucks Fucks cash flow monitoring just what is being cryptoed.
They want to monitor everything. No sooner are they attempting to turn it into another credit card. Except it will sooner be all dystopian and digital. Fully chipped and I.D'ed. Because they're also thinking how nice it would be to just go and fully remove cash altogether, so they can track and tax you, indebting you completely. Meanwhile more and more middlemen take a cut and inflation soars.
I agree it was never meant to be this press. But its grubby hucksters were thinking of 10 other ways to take a cut of your cash. Buy ponzi, buy casino money. You can trade it in the Casino where the house wins more of it. Don't worry about fixed rates, they're rigged for you to lose. Offering another service, where the government is sooner thinking how nice it would be to monitor, taxing all of your cash.