Subnostr

If Bitcoin is to grow and really take its place as a parallel accepted savings / currency I personally don’t see a need for non kyc. However if it is vilified and banned then obviously non kyc is imperative. I think alot of adoption will come from KYC as most people don’t want to fight the system, they just want to save alongside a trad system. Bitcoin is going mainstream imo. It’s too good to sideline, there will be battles over mining , forks , devs though

boston wine 2y ago

I get where you’re coming from. I’m very “middle way” about this.

The privacy of non-kyc is something everyone should have the freedom to utilize. There also need to be as many easy on-ramps to self custodied Bitcoin as possible.

We also need to remember the massive range and diversity of Bitcoin users in the future. I may be comfortably KYC’d in the northeastern USA and not really need to worry about my sovereignty, but the billions of people living in less-free countries don’t necessarily have the luxury of being comfortable with KYC.

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Discussion

a_priori 2y ago

Holding KYC sats doesn't feel that dangerous right now, but who knows what the future holds. Things could get very bad in the death throes of the empire. Also, imagine a "happy" scenario where Bitcoin shoots to the moon, but your history is leaked and gets into nefarious hands. Now bad dudes know you're filthy rich... and they know where you live.

boston wine 2y ago

🎯💯

BitcoinSandy 2y ago

All good points, I really meant that non kyc is not straight forward for the average person as they don’t operate like that. But yes unbanked masses need to buy non kyc from start. However they will just trade anyhow as they are using it daily. I’m not sure we are going down a completely 1984 route, it’s too complex a world to achieve as there are many who don’t want that also. Critical thinking is exhausting 😂

boston wine 2y ago

True that buying non kyc is not intuitive for those used to traditional investing. Absolutely

I agree with leaning toward optimism about the future, as well. After all, that’s kind of the point of Bitcoin and why it makes us all so hopeful/happy/positive about the world we’re creating for the next generations. It’s the first viable way to undo so much of the wrong that has been done!

Thanks for the discussion 🫂

hh 2y ago

Until the US Government Order 6102's you... which is something I'm 100% convinced will eventually happen, one way or another (and KYC and AML are one way).

boston wine 2y ago

Certainly possible. For us our the next generation. The future is uncertain - but Bitcoin’s widespread adoption is likely - so I lean towards hedging various regulator/social possible worlds