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I find myself at a fork in the road on #Nostr . Do I try and speak against the growing popularity of buying #KYC #bitcoin , or do I distance myself from the simps and mind my own business? Do I sit and watch children play in traffic or do I make them feel stupid so as to make sure they don't do it again? It's really a moral problem for me. And to all the "innovators" who have made bitcoin more user friendly while giving the government free access to otherwise innocently ignorant people, all while being worshipped as heroes, just fuuuuuuck you.

Jacob | Five Eye Tea 1y ago

I've not been able to get into Bitcoin because of the KYC issue. It's not even so much of a principle thing for me (though that's certainly part of it), I just don't feel comfortable offering sensitive documents to CEXes, which are undoubtedly one of the largest targets for black hats. Considering the fact that I have no way to verify they're doing due diligence on their security, and considering the fact that the docs they require aren't easy to replace if there's a data breach, I certainly won't give it to them. Most I might consider is a passport.

That said, KYC itself is complete anathema to the core principles of what Bitcoin is supposed to be. I really don't know how anyone is okay with it, but I also don't know any other way to get around it unless you know people in your personal life who can transact with Bitcoin (and I don't, since I live in a rural small town that has a majority of elderly folks). DEXes might be an option but every time I've tried to use one, it just didn't work out, and there are a few Bitcoin ATMs within an hour's drive... but the problem is that they cost a 20% fee, which is absolutely ABSURD.

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Discussion

Bilbo Baggins 1y ago

Oof

So I started out ignorant and buying kyc, eventually i learned better and started buying in small chunks on robosats. Bisq was a bit too complicated for this hobbit and I've never had issues with robosats,so i continued that way. It requires a lock up fee to get started so maybe move some of your sats you get on here to a wallet you can transact with via lightning like aqua wallet. Robosats has a sort of multisig that ensures both parties are getting what was agreed upon before the funds are allocated. I believe they recently updated and allow you to run your own robosats server. Regarding Monero, I've only yet discovered Trocador as a means of swapping lightning for monero, i havent ventured much into more direct nonkyc options but im sure they exist.

Jacob | Five Eye Tea 1y ago

I will definitely be checking out Robosats. It's so tough to not get discouraged by this because I've tried so many things and none of them have worked out... But SOMETHING'S gotta give.