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You should use P2P exchanges whenever you can but I'm afraid the "no bitcoin onramps, only fiat offramps" reality is increasingly true.

In the medium to longterm it won't matter that you operate with lower-value transactions because they keep moving the threshold lower to demand ever more burdensome kyc info for transactions.

Moreover, you will have to deal with sudden account freezes and transaction cancellations if you keep sending money to strangers. It's just a reality of this model, one that cannot be mitigated.

Since the financial surveillance system is increasingly consolidated into one big honeypot, you will not be able to escape with multiple bank account tactics.

One solution is to coinjoin funds or do atomic swaps but that does not erase kyc data. It is a suboptimal solution.

I see three real solutions that remain for freedom-minded people to acquire kyc-free sats:

- Mine bitcoin in a non-kyc way

- Exchange fiat and goods face to face

- Work for it

...and of course you should keep most of your funds in Self-Custody. Maybe some on LN(LSP model makes it easier) and pocket money in #ecash mints.

Realistically you will rarely do option 1 and 2. Working for sats is the best solution and it will bootstrap a freedom economy of Sovereign Individuals.

The best way to get this freedom economy going is in my mind obviously nostr. That's why I am building #satshoot and keep supporting this ecosystem any chance I get.

This is my thesis. What's yours?

#asknostr #kyc #privacy

hh 1y ago

I agree with most of your thesis, especially the need to use *exclusively* P2P markets like nostr:npub1sqn6rpml88nq8khuvvneuqztfmvalpsarr8grkwy837hzdw63ajs6t5net . My own opinion is that indeed even that window is closing, and it will close even faster as States adopt BTC. All on-ramps will be closed in a matter of a few years, tops.

Other than that "Work for it" is moot, because "work" in the overwhelming majority of settings requires KYC, e.g., a legal invoice.

So my thesis is: buy NOW while you can. Then, inevitably, the only solution for the freedom-minded will be jurisdictional arbitrage, i.e., moving with your BTC somewhere you won't be robbed. And that list is also getting shorter and shorter...

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Discussion

Five 1y ago

Jurisdictional arbitrage is a good one, however I would not be surprised if the US enforced its financial surveillance on virtually every existing or new jurisdiction, directly or indirectly eg in the case of Madeira it's clear that Portugal can do whatever they want with them and that chain goes back to the US.