The decentralized space is known for its many transgressions and liberties, some of which deviate from the norm that international regulations and legal fields would approve of. This factor extends to privacy, more correctly – the anonymity of users and their ability to carry out online operations without revealing their identities. In fact, this is precisely what the blockchain and Bitcoin in particular was designed for – allowing people to conduct unlimited transactions and operations without oversight and the involvement of intermediaries. Of course, time has proven that such liberties were outlawed and the international financial oversight community wanted to have complete control over all financial streams to be able to control individual funds.
What other proof would there be needed to prove the desire of international authorities to control the financial resources of every individual on Earth other than the freezing of personal accounts in so-called sovereign countries. Sovereignty is no longer an attribute that can be deemed acceptable by the hegemony of the west in its desire to control every individual on the planet and force them to submission through complete control over individual finances. The ability to coerce anyone into cooperation through bribery or the deprivation of funds streams is one of the levers the west uses in controlling personal and geopolitical interests.
The blockchain was supposed to have eliminated that shortcoming and removed the points of control from under the fingertips of those with power. However, the ability to purchase or sell products and services without verification or ID is no more a possibility in the modern world than the use of nuclear arms. Just like nukes, which one may have but will never actually use, the blockchain is more of a phantom, an ideal that beckons on the horizon like a mythical being. A being that will instantly be poached and carved for relics the moment it materializes. In fact, it did materialize at the outset of the early Bitcoin era, devolving into what we now know as speculation.
Buy Bitcoins Without ID Verification
It would be foolish to think that your Bitcoins are actually your own property. The internet, just like anything digital, belongs on the web – an environment that is not only monitored, but also controlled by the authorities. A secure framework for performing transactions really did exist at the dawn of the blockchain era, but it quickly became an object of interest for the authorities. It is true that the authorities have a vested and genuine interest in preventing any kind of money laundering of financing of illegal activities, but any place other than the blockchain should have been secured first.
Over time, it became clear that the wallet address, an integral part of the blockchain that identifies individuals, is also a form of ID – one that can be used to trace persons and their whereabouts. This factor eventually led to the creation of a slew of anonymizers and other kinds of instruments that would mask the user’s ID by blending the transaction with many others in hopes of sweeping the trail. However, no matter what instruments the users come up with, there is always a countermeasure that the authorities have under their belt, ready and waiting to be used.
So, if you think you can buy Bitcoin without ID or verification, think twice about the venue you are resorting to. Unless it is a shady alley in some remote city, chances are the authorities already know that you are the proud owner of a digital coin. Why? Because realistic chances are that you have purchased said coin on an exchange. And what are exchanges forced to abide by? Exactly – legislation, a set of rules that commands them to disclose any and all transactions passing through them to the authorities under the guise or combating money laundering.
Key Takeaways
Think of it as you will, but the blockchain space is very far from the ideal it was originally made out to be. There is no such thing as privacy or anonymity in it, just as there is no real application outside of what the corporations deem profitable. The betty 6% that the scam platforms and liquidity pools advertise will come at a meager margin of 1% compared to a much safer bank account. But the cost of such a margin will far outstrip any profits, since the risk of that liquidity platform failing is just as high as the possibility of the assets you had deposited in it falling in price due to inherent cryptocurrency volatility.
