LOL now that BTC is pushing $20K the old BTC meetup solution to sell BTC for cash at a meetup can get you jacked BLMA style. I have not yet seen a non-KYC exchange or DEFI platform that allows for exchange of BTC for Dollars, Euros, Rubles, Yuan etc.I guess our definition of "crazy risks" is a bit different. I'd bet most agree that raising your hand to the IRS saying "yes, I own crypto!" is a crazy risk. Becuase that's exactly what happens when you go through KYC.
Blockfi allows you to allocate some BTC to earn % like a CD and to have a credit card to spend for local fiat purchases and to borrow against BTC for various biz or personal needs without having to sell your BTC thus not incurring Cap Gains taxes about to Double under Kommie Kamala Beijing Biden.
You either manage your taxes and IRS rules and regs or the IRS manages you.