I bought a tiny bit yesterday thru an atm. Ripoff. Need to find a cheap way to buy. But I still don’t see it as having great value. Or being the cure for the issues of regular currencies.
Discussion
Keep studying. I wouldn’t buy a large amount until you get why you should buy and the value
Thanks for the tip. Do have a lot of reading to do
There are a lot of places to buy sats and a lot of places to learn. I would start with Trader University and BTCsessions on YouTube.
+1
You would sell the first time the price takes a dive which would lead to negative emotions towards bitcoin, which leads to not buying any anymore which leads to ngmi.
You will find plenty resources and people to ask here on nostr.
+1
You shouldn’t do anything other then a DCA (no kyc manual buys or a easy service like strike, Cashapp etc)
Read the Bitcoin standard before you do anything else
The ATM's are a ripoff, and you get KYC'd for your trouble. Find local bitcoiners or try robosats.
Exactly. And now that I have zapped, I have probably assisted identifying others. Not a fan yet.
Zaps are completely non-kyc in my opinion.. your zaps are getting mixed with hundreds of others zaps to the receiver
KYC doesn’t exist onchain, once sats start moving around the link from the UTXO given to you from the exchange begins to break down.
But the record of your purchase in an off-chain data base is still there.
Excellent. So all anyone knows, I bought some. Unless I give them access to the wallet, that should be all they know.
If you don’t buy kyc then they won’t even know you bought some
If you are running your own node and generating invoices from it to which you are paid, you are doxxing your node's, IP/onion address, liquidity, etc...your node now has a nym and/or a face+locality.
If you are using a custodial lightning service, they will know your IP and potentially your rough location, if you aren't using a VPN.
Onion address will not tell you anything about the actual person though, right? That’s why I don’t suggest runningclearnet nodes, your IP being associated with a node is no bueno
Yes, your onion service address isn't associated with any other information. The problem with tor is latency, hampering payment routing to, from, and the node. You kind of just have to accept that your routing income will be low and your payments might take a few more seconds than a clearnet payment.