With the recent shutdowns of #SamouraiWallet, #LocalMonero and other services allowing to obtain KYC-free cryptos, I think that #sybil-resistant blockchains will be a prime alternative for the #plebs to grow their cryptos holdings KYC-free. The reality is that on and off-ramp to fiat will be soon restricted and definitely forbidden for non-KYC #crypto. A sybil-resistant #blockchain can allow you to obtain KYC-free coins that you can then exchange for #Bitcoin or #Monero. The best part is that these blockchains don’t even require specialized hardware or resources (besides a little bit of your time). Spread the word far and wide and I’ll be happy to share an example of blockchain that can be used for this purpose!
Discussion
I think we can use bitVM to create non-KYC bitcoin exchanges that do not require a third party, so no regulations can stop it. Plus we will have drivechains soon 🤙
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Drivechains soon? Hopefully! To be clear I don’t think there will be an issue swapping in and out #crypto without #KYC but the challenge will be for one to earn new crypto KYC free. Of course mining is always a possibility but not very accessible to most people.
Yes, soon the miners will run CUSF and we will have the zcash sidechain. It will be called an attack on Bitcoin, until people realize it’s a counterattack to whatever nonsense the spooks are pushing for.
What do you mean "sybil-resistant"? That's the entire point of POW on Bitcoin. Any intermediary will be just exposed to the current legal attacks because the state is attenpting to redefine the entire language.
Yes, right my post is confusing. I was referring to human-sybil resistance. Blockchains preventing for one human to run several validators.