TER General Board

Don't
netnoy 80 Reviews 65 reads
posted

Just use cash

Genuinely curious here;, since we're in the computer age and crypto is like the money for the future, has anyone ever been with a provider that accepts payment in crypto.
I mean, it's a great idea. Checks all the boxes; fast, private... I'm also interested in any unfortunate stories.  
Bitcoin in the space isn't really a bad idea (I think).

This might be the #1 misconception. All crypto ledgers are public and will always stay public as they are immutable.  

That's like a major feature of crypto.

In comparison with the regular Bank transactions? Not like a crypto address shows a name  am I missing something, pray tell

Well, okay I'll bite even tho you can really just search for it online.

All crypto transactions are public. We established that.  

When you sign up for a wallet, pretty much any reputable vendor will require you to do KYC, ie submit your identification. So yes, your identity is literally tied to your wallet. Many times people deduce a wallets owner identity via transaction patterns, which, again, are public  

And many Ai models are actively trained nowdays to detect patterns in everything ; it's something Ai can actually do somewhat well because pattern detection is based on entropy and historical data.  

 
There are a few anonymous wallets but in order to truly be anonymous no-KYC you'd have to buy an anonymous wallet with cash and buy it from shady people. Now consider that everyone who wants to do such a transaction anonymously have to do it, whether it's client or provider.  

 
Which brings us to the point of just using....drumroll....cash with no extra steps.  

Cash transactions aren't tracked via serial number on the bills, and cash isn't tied to your identity. Once cash exchanges hands and there is no physical record of it, no one can prove the said exchange of cash.

I'm not excited about all the fees to transfer funds, and it's a bitch to use, but I will take it gladly. I've been paid in full at the time of booking. I'm sure I will have to report it for taxes. I don't have a problem using Bitcoin because many advertising companies use it for payment.

Bitcoin Prices
Oct 10, 2025: $125,000
Feb 6, 2026:     $60,000
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Feb 20, 2026:   $67,000

Posted By: Oatmeallover

Genuinely curious here;, since we're in the computer age and crypto is like the money for the future, has anyone ever been with a provider that accepts payment in crypto.  
 I mean, it's a great idea. Checks all the boxes; fast, private... I'm also interested in any unfortunate stories.  
 Bitcoin in the space isn't really a bad idea (I think).
These are Pogs, not Bitcoins:

I have seen providers that use crypto. Usually only for deposits, but sometimes the whole thing.

 There are more complex ways to make your crypto more decentralized, but even if you use something like Coinbase to pay for something, yes, the transaction is "public," but your name is never listed and neither is other easily identifiable information.  

If a regular person wants to try to find you, they have to figure out which crypto currency you actually used to send, they have to know how to sort through trackers and transactions, and then use other context clues (like the time you might have sent something, your wallet address etc) to put together it's actually you. It's not straight forward. It's time consuming. And there's no way to prove it's actually you unless they know your wallet address and they know what they're looking for. For example, your wife most likely wouldn't know how to find you easily unless she has this type of information and she knows where/when to look.

I say try using crypto even though it's volatile as an asset

Bingo. It's like the spy movies lollll who'd have the time to track all that.

Exciting ride. Just be sure to get off before the big crash.

I'm not saying using crypto as a store for value, just a means of transacting. I don't hold any

Let's say in a case you have to hold about 10k 20k. There's the possibility of you losing it all to a robber not that I pray for that. It just doesn't sound safe in terms of handling a huge amount

Sometimes you just have to not be a pussy.  

Cash is best. End of thread.

Laspho65 reads

I bring large amounts to Vegas all the time if I’m staying at a place I don’t have markers. Life is full of risks and so is not using cash.

As other's noted bitcoin (and most crypto currencies I think) are not as private as some think, more expensive on a transaction cost basis they credit cards and generally more of a pain to use (which might be a learning curve/network size issue).

 
But if you want to look at crypto to solve payment problems in this space, Ethereum, with its smart contract aspects, would maybe make deposits more tenable idea than they currently are while giving some level of (quasi) anonymity. How well that might lend itself to small transactions like are typical here (and in this context even a couple of thousand per hour would be small change) or if the transaction costs would make use uneconomic.

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