Ok so there's 2 camps on here: Those who think any discussion on cashing out is crazy, and those who realize that any idea any of us can come up with LE already knows. It's the second group I'd like to chat with.
I've always had a question about a method of cashing out that I thought of while lurking here. I'm not a vendor, never want to be a vendor, but I like to think haha.
If a person had a hobby, and say this hobby involved creating handcrafted items that could be sold for $100 up to $3,000 (really the sky is the limit for custom items). If this person had a legitimate website where they sold these items...and that website accepted btc as payment....is that a realistic avenue to use? It has it's flaws, and probably wouldn't stand up to a focused investigation, but as long as you didn't go crazy and get flashy I think a person could probably do pretty well and be much easier than all the coinbase/lbc/gambling/etc ways currently employed. Of course this actually requires the person to have the hobby and run a legit website.
Also I've been curious if there are any vendors out there who cash out in a way that allows them to pay taxes on their profits? Or is that just crazy talk...
You pretty much just described money laundering with a business, it can work I'm sure. Just need to doctor your books to make it looks like you sold more then you really did/etc. And I highly doubt any of these vendors pay taxes on any of these earnings.