[Cryptography] My Identity definitely not Satoshi Nakamoto

[efc at disroot.org]

On Tue, 15 Oct 2024, John Levine wrote:

> It appears that efc--- via cryptography <efc at disroot.org> said:
>> 1. Tax evasion, assuming you earn your money in bitcoin.
>> 2. International currency transfer.
>> 3. Extortion/blackmail/scams.
>
> It's not really useful for #2. Unless you want the handful of mostly illegal
> things you can buy with cryptocurrency, you need to cash it out. Probably that
> uses a stablecoin which means you depend on the stablecoin actually having the
> assets it claims it does, and being willing to transfer them to a real bank
> account you control.
>
> But more to the point, #2 is actually banking without KYC or AML. I have some
> sympathy for claims that cryptocurrency makes it possible for a farmer in
> Afghanistan to sell her crop to international buyers, but considerably less
> sympathy since the crop is heroin.
>
> R's,
> John

Hello John,

To give you some background. I'm a business owner, and my programmer I 
hired was based in the US with a neo-bank. That made it impossible 
(apparently) for my bank to transfer to his bank, and the cost was about 
50 EUR as well. When the transfer didn't go through due to unspecified and 
unexplained reasons, we resorted to crypto, and it worked like a charm.

As for what he did when he received crypto, that's his business and not 
mine (fortunately). I'm just happy I could pay him faster and at a 
fraction of the cost of my bank.