Replying to Avatar The Bulgarian Pork Whistle

Asking for a friend.

When Bitcoin reaches $1,000,000 USD + and you want to buy a home by either A) getting a loan against your Bitcoin or B) selling your Bitcoin how will you do this?

(Playing devils advocate)

In 5 years time, online surveillance tech is going to be so evil and powerful it will sniff out KYC free 🌽 from a mile away. Exchanges won’t want it, normies won’t want it, lenders will reject it, mixing services will be non-existent and if you can mix em the surveillance tech will pick up on it.

Have you got a future proof plan to use those sweet freedom KYC free sats?

When this thing rips to a milli everyone needs a plan on how to spend it (peer to peer) or borrow against it or barter with it in an incredibly hostile and surveillance saturated world. The freedom tools that work today are likely not going to exist tomorrow.
Avatar
Bitcoin Sasquatch 2mo ago

I like the idea of a network with completely anonymous transactions but in practice you really shouldn't need them for everyday purchases, as long as the network is permissionless.

If you have a situation where you need to hide transactions there are other specialized networks for that.

Reply to this note

Please Login to reply.

Discussion

Avatar
The Bulgarian Pork Whistle 2mo ago

So, you want to buy a home using millions of dollars of Bitcoin in ~5 years.

All the Bitcoin was purchased with BISQ, robosats, mining, HODL HODL and p2p purchases.

Chain surveillance is 100x more insidious than today.

How would you buy a house?

Avatar
Bitcoin Sasquatch 2mo ago

Exactly. KYC free networks are not practical on a large scale.

They have specific use cases.