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I have been thinking a lot about the importance of a non-kyc BTC stack. As I explore the best ways to acquire these untainted sats, I am quickly learning it will be a heavy and expensive lift. Which brings me to my questions.

Is it worth the time and cost to acquire / convert to only Non-kyc BTC?

I know why the value of non-kyc btc but do you think it will really matter in the future? Won't governments figure out ways to KYC all BTC? Is it truly possible to use BTC without a government getting in the middle? Sure smaller transactions will happen without the gov involved but what if I want to buy land for my family? What if I want to travel the world? What about bigger buys? Gov always wants to know where that money came from, right?

#bitcoin #btc #nonkyc #nonkycbtc #kyc #asknostr #gov #screwed #government #noneofyourbusiness #gfygov

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Discussion

OFFGRID 1y ago

I contemplate this sometimes as well. Could run it through say a mixer, but the percentage taken in fees - ughhhhh

Mr. Sat Stacker 1y ago

Ken I've been thinking about this too. I have a kyc stack and have been contemplating a non kyc stack. I think it would be a good idea.

I'm pushing myself to earn non kyc sats vs buying them.

Ken Lazer 1y ago

How are you earning them? My nerdminer has solved shit for me. 😂

Mr. Sat Stacker 1y ago

To be clear, I'm not earning non kyc sats. I'd like to figure this out. But getting paid in fiat and buying non kyc btc seems easiest.

Ken Lazer 1y ago

Follow up question: what counts as non-kyc sats? Would Zaps? I guess as long as they go to a non-kyc wallet, right?

Ps thanks nostr:npub149cpdh5zsuc2ca3k2avegzmjskgm6cc3p252la00nevmn78wxcestjtnsg you are a gentleman 🫡

Mr. Sat Stacker 1y ago

Yes I have alby so those zaps are non kyc. Since I sent sats from kyc wallet to alby maybe I messed that up.

I know non custodial lighting wallets are a challenge. Some of my btc friends are using Aqua and liquid. Aqua wallet is non kyc and sending liquid is as easy as lighting. I think this will be my non kyc soft wallet. Maybe the Jade for HW.

McCoy 1y ago

Or from a realistic-optimist viewpoint:

What if BTC becomes US legal tender?

In the event of hyperbitcoinization. Isn’t this an evitable?

HODL until legal strategy.

Deleted Account 1y ago

I think the dollar has a long ways to go which prevents BTC from becoming legal tender

We've only seen just a handful of rabbits pulled out of the Fed's/Treasury's hat

McCoy 1y ago

Maybe or maybe not. Politicians are starting to stack the coin. They will choose personal gain above protecting the homogeny of the USD. Incentives align. Could be gradually, then suddenly.

Deleted Account 1y ago

Great point. We can only hope 🫡🙏