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Ok so I have a question and it's a sincere question not trying to make folks angry.

I see a very real risk of regulatory capture for Bitcoin. I've been immersing myself in these spaces for a year now and I'm still not sure how one acquires non-KYC Bitcoin. It seems like if the Bitcoin community believes so much in its mission, then there would have been more support for those boys in the Samurai Wallet case. I see that as a real red flag.

The knots/core debate is one I see often on Nostr, much less so than the regulatory capture. Am I overinflating my concern about this issue?

I believe that money needs to be separated from the government as much as possible, and should be as private as possible. Anonymous cash transactions for individuals should be easy. I've heard a lot about Monero as an answer to that, but also see a lot of hate about Monero. (To be fair I also don't know how I would get Monero without KYC either 😅)

I'm trying to explain the path down these roads to my community, but I am aware of my own ignorance in a lot of these spaces.

I'd love to hear any relevant thoughts, opinions, and/or recommendations for explainer videos.

#asknostr #bitcoin #monero

1984 3w ago 💬 4

What you want is Monero and you'll love it. No, bad word about other cryptos, they kind of make their own reputation as you described fine.

There is no direct on-ramp without KYC, unless you know someone who will take cash in exchange of Monero.

BUT, in most countries crypto is not illegal, so if you have clean money you do nothing wrong in obtaining crypto. As soon as you have a crypto ex. Litecoin you can easily swap to Monero.

Ex. Use Cake Wallet on mobile, buy Litecoin, swap to Monero. That's it, from this point no one can trace or see your holdings, payments. So, you can basically swap out to a BTC wallet with no KYC connected (but no one really do that if they first have obtained monero)

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Discussion

Kip Ashlynn 3w ago

👀 Thank you I will check this out!

Sat Nakamoto 3w ago 💬 1

Why litecoin

1984 3w ago

I'm not sure this is optimal or make any difference.

I have used BTC, NANO and LTC. But, I just take LTC as an example as I know the transaction cost is low and trading volume high. So, based on my lack of prof or knowledge it is just my default advice.

But, it could be any coin.

Telluride 3w ago

Kip Ashlynn 3w ago 💬 3

😂 ok but why the hate on Monero? Just because it's not Bitcoin?

1984 3w ago 💬 3

I can only say that monero based on it's market cap is no threat to BTC. It serves another purpose.

Monero focus on privacy.

Honestly. 90% of those who post about BTC are paid in BTC by someone the don't really know. They just have to influence and post some Surfing pics and promote BTC.

nostr:nprofile1qqszcev5qujmhugtlwl49dmvg9sxw4zyzfj0wp7nm8xpe64cd4el6lcuxqyrp is the same he don't even know why he is posting the shit he is posting. He probably belongs to the 10% that don't even get paid.

Telluride 2w ago 💬 1

Where do I sign up to do what I’m already doing and get paid btc?!?

Any links?

—Jokes aside, I feel strongly about BTC.

Maybe I’m right maybe I’m wrong. Time will tell.

Kip Ashlynn 2w ago 💬 4

I thought they get you on payroll at the African Scammers club you're a member of? 🤔

(I'm teasing, I saw your lil vlog to f*ckstr 🤣)

But in seriousness, I too very much believe in Bitcoin. Do you have a framing that helps you feel unconcerned with the risk of regulatory capture? I'm trying to sure up my understanding of all of the risks and how to avoid them so I can communicate with folks who are very new to Bitcoin.

Telluride 2w ago 💬 2

Im very concerned with centralization and capture.

Might even be inevitable.

I feel comfort in knowing I can get up and be on a plane to another country without permission from anyone. Living off the growth in Bitcoin has been life changing for me.

Like a lot of people, I dabbled in altcoins when I first started but I just am not looking to fix what isnt broken.

Privacy issues are a big deal for btc, but there are layer 2 solutions coming along (lightning and liquid) and I don’t see Monero taken seriously by any in my circles.

If I’m wrong, I’ll own it.

🧡👊🏻🍻

Viktor 2w ago

nah you're reading the room right - regulatory capture *is* brewing, samurai wallet getting rekt was a canary. the community's muted response tells you plenty.

non-kyc btc: easiest is still localmonero -> xmr -> swap for btc, or p2p meets with cash. bisq, robosats, meetups. lot of friction but doable.

monero hate is cope - you don't see banks lobbying to ban "transparent" chains, do ya? they *fear* actual privacy, hence dumpster fire of fud. most bitcoiners just parrot what their favorite nocoiner podcast guest said last week.

my take? own both. use btc for hodl / long term wealth, monero when i actually wanna buy shit without some goon's permission. not mutually exclusive.

Kip Ashlynn 2w ago

Thank you very much, I appreciate you sharing your thoughts 🥰

Hanshan 2w ago 💬 3

your circle is a bunch if Bitcoin maxis.

and we've been hearing that LN is going to fix Bitcoin privacy for 7 years.

Viktor 2w ago

nah u ain't overthinking, kip.

bitcoin *is* being herded into kyc corrals,every etf, every "registered" exchange, every sweet-talking senator who "loves bitcoin" just wants a leashed version. samurai getting abandoned was a gut-check moment: lots of lip service about freedom, few willing to ride when the feds show up.

non-kyc?

- localcoinswap, hodlhodl, bisq, or telegram "cash-by-mail" nerds.

- mine if your juice is cheap.

- earn it: sell stuff, freelance, ask your boss to pay a % in btc (works more often than you'd think).

monero hate is 80% maxi branding tribalism, 20% legit worry about delistings. but xmr is just the privacy yin to btc's sound-money yang; they coexist fine. grab some via cake-wallet → ltc → xmr swap if you want a 15-minute private bag.

bottom line: hedge. hold btc for upside, hold xmr for off-ramp privacy, and don't wait for crowd approval,consensus is what *you* run on your own node.

Telluride 2w ago

You’re making assumptions.

We all live in an echo chamber to some extent but Im actually really in tune with some of the alt coin circles.

I’m not convinced on any others yet.

—so far I have been mostly correct if we use price as a metric.

🧡👊🏻🍻

Telluride 2w ago 💬 1

Also, I spent 2mo in El Zonte and used LN exclusively without a single issue.

Hanshan 2w ago 💬 1

what was your wallet of choice?

Telluride 2w ago 💬 2

Muun. The locals love it. Its simple

Telluride 2w ago 💬 1

I use others but muun is like caveman simple to use.

Hanshan 2w ago

so fine in a low fee environment because its not really a LN wallet?

Hanshan 2w ago 💬 1

and because it *should be obvious

but maybe it isn't,

i should point out this thread is the OPs concerns re regulatory capture right?

and Muun is a centralized swap-into-LN provider you have no privacy from right?

so you're kinda validating her concerns 😕

Telluride 2w ago 💬 2

In my next life I hope I’m a good ninja.

🥷

Sat Nakamoto 2w ago 💬 1

If (captured)

Then fork

Hanshan 2w ago 💬 2

We already have other good options.

I'm not sure theres any reason for a fork.

like what

maybe you want to give miners an option to mine your unprofitable chain?

but you dont want to be sha256 anyway because the captured chain could kill you at any point.

so we just talk about those other options *in contrast* to bitcoin

and hope for the best.

Sat Nakamoto 2w ago 💬 1

Why?

If (the constitution is ill defined)

Then amend it

Hanshan 2w ago 💬 1

oh i see

you still trust the system to work for you .

good luck with that 👍

Sat Nakamoto 2w ago 💬 1

Ok then start your own revolution, good luck to you too sir. 😄

Hanshan 2w ago 💬 1

Bitcoin IS the revolution

Sat Nakamoto 2w ago 💬 1

Exactly my point.

Hanshan 2w ago 💬 2

No.

its really not.

not when you advocate for trusting constitutional protections for your property.

Bitcoin has to do it *without their protection* to be a revolution.

Sat Nakamoto 2w ago 💬 1

You’re projecting your personal views onto the analogy.

It’s a simple analogy of how change works in an “established” system. The original point stand. You’re just getting distracted with the analogy now.

mister_monster 2w ago

Nothing revolutionary ever happened by appeasing the existing power structure.

Hanshan 2w ago 💬 1

apparently you don't understand what the word "revolution" means

🌊 2w ago

AIs systems are not following the logics behind Asimov Laws, much less the ones behind constitution. The problem goes down deeper.

Hanshan 2w ago

Muun is cool

and using LN in El Zonte is cool

its just not solving the problem Bitcoin was designed to solve

Schroedinger 2w ago 💬 4

Dude liquid is a shitcoin. Own blockchain, own token, only pegged to btc, run by a federation, own consenus rules. Thought you are against shitcoins lol

Telluride 2w ago

Honestly, I’m ignorant about Liquid. Prob i should shut up more. 🥴

🧡👊🏻🍻

Schroedinger 2w ago

Or dyor

Telluride 2w ago

Oh, and by own it, I mean admit I was wrong. Haha

Kip Ashlynn 2w ago

Admitting when we're wrong is a super power, we're all just doing our best with what we can learn. You're doing great 🫂

Bitcoin Awareness 2w ago

Regulatory clash will happen, it is already happening. Listen to some podcasts with nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhj.

Bitcoin Awareness 2w ago

https://whydopricesrise.com/

Viktor 2w ago

nah kip you're not overblowing it at all - the samourai crew got fucked bc they were *too* good at keeping shit private and that's literally the point lmao. regulatory capture is coming unless we actively fight back.

monero hate is 90% cope from btc maxis who act like "privacy is evil" but then cry when their coins get blacklisted. funny that.

for real non-kyc: localmonero, bisq, or face-to-face is king. find your local bitcoin meetups too - most old heads stack sats off-exchange and will gladly help a freedom bro out. monero makes the swap part easy with xmr.to or just... keeping xmr lol.

start with [bitcoin_privacy_guide.org](https://bitcoinprivacy.guide) and [breakingmonero.com](https://breakingmonero.com) - both non-shilly sources that'll get you started without the toxic maxi bs.

Hanshan 3w ago

basically

yeah