Bitcoin vs credit card

[ruxin32424]

My question isn't weather Bitcoin is safe or not but rather how safe it is compared to a visa gift card purchased with cash

yeah my reply was more towards the other replies stating it wasnt as or lacked privacy.

anything cash based is about as private as you can get, so your example of physically purchasing a visa gift card with cash is great privacy as a layer 1, and then you have layer 2 which is your information with the purchaser, then layer 3 which is your attachment to the shipping address.

So at the end of the day unless you're using a burner address, and purchasing on a burner computer or better yet a virtual desktop with a rotating IP running on a privately caged server in a ISO certified data center, and getting shipped to a burner address thats not tied to you in any way....

it doesnt matter if you use btc, a gift card, or a credit/debit card

 

[Dave1189]

If you buy your BTC on a KYC exchange then you might as well just be doing a bank transfer

 

[amindzeye]

it doesnt matter if you use btc, a gift card, or a credit/debit card

Then that would mean the only real concern is if one gets black listed from credit at issuing banks due to the nature of the purchase. With that, might as well use crypto.

 

[Malphas]

There are hundreds of thousands of bitcoin transactions per day. All the ledger shows is that X number of btc got sent from wallet A to wallet B. Unless you're doing transactions worth millions of dollars it's pretty much as anonymous as we're going to get, other than possibly privacy coins like monero, but the potential downside with them is less transactions and more suspicion in general about what they're being used for.

A pre-paid card of any kind bought with cash should also be as anonymous as you get for the purchaser, but since it's going through a the infrastructure of visa or whoever it's potentially more risky for the seller I'd imagine - and/or more hassle and require them to change to new deposit accounts regularly before they get flagged for suspicious activity.

 

[Drexyl]

There are hundreds of thousands of bitcoin transactions per day. All the ledger shows is that X number of btc got sent from wallet A to wallet B. Unless you're doing transactions worth millions of dollars it's pretty much as anonymous as we're going to get, other than possibly privacy coins like monero, but the potential downside with them is less transactions and more suspicion in general about what they're being used for.

A pre-paid card of any kind bought with cash should also be as anonymous as you get for the purchaser, but since it's going through a the infrastructure of visa or whoever it's potentially more risky for the seller I'd imagine - and/or more hassle and require them to change to new deposit accounts regularly before they get flagged for suspicious activity.

Not saying it did or didn't happen, but about 8 months ago hackers gained control of an US pipeline. I don't believe everything I read in the news, but supposedly a ransom was paid, via Crypto, for the hackers to remove the malware and allow resumption of oil processing. They supposedly were able to retrieve roughly half of the ransom payment. Was the entire story bullshit? Was the retrieval of funds bullshit? I don't know, but I'm curious.

 

[Monkipalo]

it doesnt matter if you use btc, a gift card, or a credit/debit card

Yes it does matter, it's about having several layers of privacy.

For isntance: buying XMR with cash for illicit transactions, using tails with a bootable drive or Qubes OS with whonix, using a proxy, using Tor, encrypting your sensitive info with PGP (only a few gear dealers have public keys though), having safe mesures for receiving your package, not telling everyone about your not so legal activities...

BTC is easily traceable, you are just making LE's job easier. Maybe you are a LEO.

 

[ruxin32424]

Yes it does matter, it's about having several layers of privacy.

For isntance: buying XMR with cash for illicit transactions, using tails with a bootable drive or Qubes OS with whonix, using a proxy, using Tor, encrypting your sensitive info with PGP (only a few gear dealers have public keys though), having safe mesures for receiving your package, not telling everyone about your not so legal activities...

BTC is easily traceable, you are just making LE's job easier. Maybe you are a LEO.

how about you kindly eat shit and fuck off in the direction of your choice?

"So at the end of the day unless you're using a burner address, and purchasing on a burner computer or better yet a virtual desktop with a rotating IP running on a privately caged server in a ISO certified data center, and getting shipped to a burner address thats not tied to you in any way...."

why the fuck you think i said unless you have all of the other layers of privacy in place prior to a payment method?

But glad you chimed in with your backend vernacular so everyone would think youre smart.

 

[ruxin32424]

anything cash based is about as private as you can get, so your example of physically purchasing a visa gift card with cash is great privacy as a layer 1, and then you have layer 2 which is your information with the purchaser, then layer 3 which is your attachment to the shipping address.

So at the end of the day unless you're using a burner address, and purchasing on a burner computer or better yet a virtual desktop with a rotating IP running on a privately caged server in a ISO certified data center, and getting shipped to a burner address thats not tied to you in any way....

it doesnt matter if you use btc, a gift card, or a credit/debit card

read the whole message next time turbo

 

[Drexyl]

I dunno, not for hormones or anything that would be considered blacklisted, I made a nice purchase from a purveyor. For the wife and my needs, guy came through. It's nice to have reliable options for affordable medication. Guy is doing gods work. Seriously.

 

[$h0BoKen223]

So my 2 cents is a Visa gift card purchased with cash $ is the best option. I have used many over the years for all sorts of things and had zero issues entering an arbitrary billing address and name (use Elvis @123 Main St) without any issues. I personally have a P.O. box to insulate my home address from any visits but I wouldn't worry as long as you're NEVER signing for any packages. That is key, my friends.

Oh and someone mentioned a KYC aka know your client cypto exchange.. yes basically the same as your bank so use a VPN and open a crypto account from singapore or some other disney fuck town that doesn't care about KYC and pay from there. Okay, I'm done.

 

[The_Dane]

The issue with anonymity now vs a few years ago with crypto is the influx of identified transaction. Most people will use a third part service to purchase crypto which immediately puts paper trail on a transaction. You could partially identify a user by their public key if authenticated, identified users on a blockchain transact with the unknown persons public key. Triangulation if you will. Since all these exchanges have people send in their IDs and are for the most part(from what I understand) now required to report activity to the IRS it isn't exaclty hard to figure out who's who, doing what, where.

There are means of protecting yourself, like tumblers, but that only gets you so far. If you didn't mine it, it isn't private.

 

[Regular Joe]

The issue with anonymity now vs a few years ago with crypto is the influx of identified transaction. Most people will use a third part service to purchase crypto which immediately puts paper trail on a transaction. You could partially identify a user by their public key if authenticated, identified users on a blockchain transact with the unknown persons public key. Triangulation if you will. Since all these exchanges have people send in their IDs and are for the most part(from what I understand) now required to report activity to the IRS it isn't exaclty hard to figure out who's who, doing what, where.

There are means of protecting yourself, like tumblers, but that only gets you so far. If you didn't mine it, it isn't private.

I was using a Bitcoin ATM. You could make that secure if you had a burner phone

 

[ImHereForBothReasons]

I was using a Bitcoin ATM. You could make that secure if you had a burner phone

Now, I’m not suggesting this is likely to be used for small time, personal supply purchasers, but bitcoin ATMs seem insecure to me. The store has a camera and the machine has a camera.

 

[Regular Joe]

Now, I’m not suggesting this is likely to be used for small time, personal supply purchasers, but bitcoin ATMs seem insecure to me. The store has a camera and the machine has a camera.

I used my personal phone so I had no expectation of security but with a burner, mask and glasses I don't think you'd be traceable

 

[ImHereForBothReasons]

I used my personal phone so I had no expectation of security but with a burner, mask and glasses I don't think you'd be traceable

(Probably a result of reading too much Tom Clancy in junior high) I guess as long as you don’t carry your other phone, drive to a city your not normally in, and walk with an uncharacteristic limp, you would probably be okay. Now I’m just enjoying the fantasy of a world where I’m important enough to be a person of interest in anything like this.

 

[Regular Joe]

(Probably a result of reading too much Tom Clancy in junior high) I guess as long as you don’t carry your other phone, drive to a city your not normally in, and walk with an uncharacteristic limp, you would probably be okay. Now I’m just enjoying the fantasy of a world where I’m important enough to be a person of interest in anything like this.

What makes a limp characteristic vs uncharacteristic

 

[ImHereForBothReasons]

What makes a limp characteristic vs uncharacteristic

I meant just changing your gait from the way you usually walk, since it can be used to identify a person with a fairly high certainty. I’m sure one of the soy novels I read had a character putting a lift in just one shoe to change the way he walked.

 

[Inspired]

I meant just changing your gait from the way you usually walk, since it can be used to identify a person with a fairly high certainty. I’m sure one of the soy novels I read had a character putting a lift in just one shoe to change the way he walked.

Put small stones in your shoes to change your gait.

 

[RedXXSouth]

Bitcoin is ridiculous