>>19814105> In the US, any service that lets you convert crypto to USD has Know Your Customer requirements and will therefore have an identity to map those transactions toThis is only the first order understanding of this issue. Let me assure you, there are others.
>>19814101This is called "begging the question" because the conclusion is embedded in the premise. This isn't a shot against you, it's just a very limited understanding of what we are dealing with.
> Where are the assets, physically?The assets are not physically anywhere, in any individual place in space or time. This is like asking, "where is the Riemann zeta function"? It's made of mathematical symbols in a book, right? It's made of ink and paper, here on your shelf?"
Well, it can be expressed in ink and paper. It can also be said that it has an independent existence of any concrete instance physically existing.
> Are you going to mail that piece of paper to Kroger for groceries? What happens if you make multiple copies? Do you think your drug dealer friends are going to just keep trading your handwritten letters and numbers as if it has value? Sooner or later, someone has to verify that even the blockchain you are giving out, on paper, is real. How will this happen?This is a completely different but related discussion, which is "do my assets ever cross lines from no-legal-existence, to legal-existence, and how is that accomplished"? Exiting your position by trading for fiat on an above-board KYC platform, declaring it as income, and paying taxes on it is one totally valid route. Just know that this is one of many routes, which I can expand on if you would like.
