Why are so many people celebrating #revolut and #strike and #cashapp and #fold and ____’s ability to use #bitcoin rails for fiat payments when you have to fully KYC yourself and give up control in order to use their platforms?
It’s almost like these people forget bitcoin is there to help your independence and sovereignty, not to add to your corporate shackles.
They completely lost the plot
I don't think they even had the synopsis to begin with.
True. Wolf in sheep’s clothing
It’s a massive onboarding tool. At least CashApp in particular.
I pay people for services from my lightning node to their cash app wallet.
If I had to onboard them properly to self custody, it wouldn’t have happened at all, they’d say no thanks and I’d have to pay in dollars
It’s almost crazy I have to type this obvious statement out. No. We haven’t lost the plot.
You explain your perspective clearly and I appreciate it. How does that onboard someone? Do you pay them in bitcoin or dollars? I am trying to see it from your perspective.
For example, if they already accept bitcoin inside of cashapp, paying them in bitcoin doesn’t improve their independence or sovereignty, and if they convert to accepting bitcoin in cashapp you’ve given them a new set of chains.
Otherwise, if they are just taking cashapp bitcoin and converting to dollars nothing is onboarded at all. For example, you are in a taxi and you ask if he accepts bitcoin. “Cash, Venmo or CashApp,” is his response. So you say to him you’ll send him bitcoin and he can exchange it to dollars on his end he has to trust cashapp won’t lock his account someday due to “suspicious transactions” that triggered an AML algorithm somewhere not.
It’s almost as if saying, there is a better way to transact in the world than the chains you currently operate in, so try on this different set of chains.
I’m helping myself out more than I’m helping them. I want to spend this bitcoin, it is earmarked for this purpose, I just need to get them to accept it.
Each time I send them money I ask, “you better not be selling 100% of this, you should keep some”. Maybe they do keep some, maybe they don’t. Either way they’ve gained a small bit of confidence that bitcoin isn’t scary and hard to use.
If a couple months or a year down the line I made some progress, they say “yes, I’ve been saving! Now I have all this btc in cashapp” I can begin my self custody story. But this way I don’t bore them with my highly technical hobby upfront, I let them decide if they want to go the next level.
But in the end, I’m helping myself out the most. Gaining confidence that, yes, I can spend this bitcoin someday. Directly, without selling for dollars. Growing my network of people who will accept btc for services.
Fuck KYC and the compliance zombie mind-virus.
They are just normies selling their soul to the devil!!
Transition between systems requires bridges. Overall bitcoin buy pressure goes up and spreads laterally. Bitcoin value is increased by sending value between peers and businesses etc.
because stupid.
Most people have not forgotten about the goal for independence and sovereignty, because most people have never wanted that end goal.
The difference between new and old Bitcoiners is like the difference between new and old punkers. 
Because people are retarded.
Most new Bitcoiners are stupid followers unable to reason for themselves.
Thats why we convert BTC to Monero.
I had a revolut account that I used to send fiat when using bisq and robosats, but after some time they wanted more of my financial info, namely my income statements and work contract.
I ended up closing the account because fuck that shit!!!
the herd does not have this awareness. all they know of bitcoin is what their mainstream news has told them. the world is in a deep slumber, still...
I'm not smart enough to even make enough money to pay my bills. What the fuck makes people think I'm smart enough or have money to have H&R to file my taxes?
🍻
Not to mention under the adoption façade, these platforms are mostly interested in having the crypto rotate only within the platform and not leave it so they can profit off of it at every turn. In case you're moving it out of the platform a lot, they can and do shut you down w/o giving any reason. I have heard countless times they banning people w/o giving any reason right after they started using crypto sections. They couldn't give a fuck about crypto, they only want to profit off of it. They should be avoided as much as possible.
P2P electronic cash is the way, not these retarded platforms...
