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localbitcoin.com still most SNEAKY and intelligent METHOD to exchange ALTCOINS by lightproject

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· @lightproject · (edited)
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localbitcoin.com still most SNEAKY and intelligent METHOD to exchange ALTCOINS
<h5><center> Ok, I´ve worked my ass off posting great articles on Steemit, how do I cash out now? </center></h5>

Whether you are a high skilled hacker or the next door aspiring steemit blogger grandma; truth is, there is still nothing more  anonymous and discrete as the physical one-to-one transactions (specially if you live in a big city).
<center>http://www.wakingtimes.com/wp-content/uploads/2016/04/Taxation-is-Theft.jpg</center>
<center>[Image source](http://www.wakingtimes.com/wp-content/uploads/2016/04/Taxation-is-Theft.jpg)</center>
If we are talking about +10,000$ transactions its really worthy taking some precautions. You dont want the tax man knocking on your door next morning.

If I may, I would like to clarify one assumption: any crypto = Bitcoin. There is no barrier/dificulty in changing alsmost any altcoin to Bitcoin. **The challenge is changing Bitcoin to cash without giving away a big cut.**

Main reasons to chose physical exchange over bitcoin fog services or others.

- Virtually no tracks. All you have to do is wisely chose a public spot for the transaction. *"Hello , it was a pleasure, goodbye".*
- No banks involved = no logs

Reason people do not like physical exchange.

 -  *"I do not know the guy I will meet."*
-  *"Who pays first?"*

Well there are some rumours that sometimes Govermental agents are setting honeypots trying to fish "big fishes". Needless to say, if you are operating less than 1m.$ there should be nothing to worry about, you are just insignificant.

Regarding the transaction protocol, I recommend you to always propose an agreement per email and not to wait until the last moment.

Peace love & fun
-lightproject
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