Comment on Itch.io is delisting NSFW games due to pressure from payment processors
hisao@ani.social 2 days agoCrypto goes somewhere that they don’t like? Crypto is seized when it reaches an exchange and they ask for ID and source of funds
I don’t understand. Lets say I have a normal bank card, I paid taxes for all the money I got there. Sometimes I buy crypto using p2p on some platform using this card. I trade this crypto with some other crypto on the same platform. Periodically I send crypto to my personal wallet from there. From my personal wallet I buy porn games for example. At which point someone comes in and seizes anything?
ipitco@lemmybefree.net 2 days ago
They would not, but you would not be anonymous this way. You get problems when:
Some countries straight up force you to declare every transaction you make with crypto, which isn’t doable for most people and puts them in illegality
hisao@ani.social 2 days ago
You don’t have to send crypto directly to websites. You can send it to your external wallet (outside of any platform), and spend from there. And no one’s ever going to be able to prove that wallet belongs to you.
ipitco@lemmybefree.net 2 days ago
It’s basically the same as directly sending
The exchange will know what you spend crypto on
hisao@ani.social 2 days ago
No, they don’t know who that wallet belongs to and even though they may hypothesize its yours they don’t have any way to prove it. Moreover, anyone, including sellers can use unlimited amount of wallets and register them at rate 1000x faster than even the advanced CIA group would be able to tie even a single address to a particular person/company. So if Steam operated in crypto, it would take days/weeks of some of the most advanced feds in the world to try to prove that you bought something from Steam using your crypto. And they might even fail at that if you or Steam’s wallet are handled carefully, and they wouldn’t even know what exactly you bought.