this post was submitted on 28 Nov 2023
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What's the best self hosted bitcoin solution? Basically I want to buy bitcoins without revealing my identity. (alien.top)
submitted 11 months ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 11 months ago (1 children)

I don’t think you understand how bitcoin works.

Or you’re trolling.

Not sure which.

[–] [email protected] 1 points 11 months ago (1 children)

I thought something like this would make it work. I think I can send money from Paypal to someone on that network, and they'll sell be bitcoin.

https://bisq.network/

[–] [email protected] 1 points 11 months ago

And that person will have your identity...

[–] [email protected] 1 points 11 months ago (1 children)

It is possible to run a Bitcoin miner, which will only be cost efficient with a really nice GPU. But mining Bitcoin only earns money by appending a transaction at the end of a leger moving Bitcoin into a wallet. Even if you have a wallet you will eventually want to turn that into real money. Those exchanges require an account with them tied to your real identity. The transaction can then be traced back to the wallet where the miner deposited the coin. There may be some hoops you can jump through, but the leger being public makes it possible to find crooks when they try to cash out.

[–] [email protected] 1 points 11 months ago

I don't want to cash out. I want to donate anonymously to private trackers.

[–] [email protected] 1 points 11 months ago

If anonymity is your concern, then consider Monero (XMR) instead of BTC.

[–] [email protected] 1 points 11 months ago (1 children)

If you just want to donate to a private tracker and limit the paper trail, see if they accept XMR (Monero). If they do, buy off an exchange, send to your XMR wallet and then pay with that. Monero is designed to be untraceable so only the person who initiates the transaction has the key to decrypt the details for it... meaning people can't snoop on your transactions. https://www.getmonero.org/get-started/what-is-monero/

[–] [email protected] 1 points 11 months ago

I think they don't :(

[–] [email protected] -1 points 11 months ago

Robosats