So I haven't used nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 in a while but I got an email telling me that my account was permanently closed and they refuse to give me details as to why and if my information was leaked. What's going on over there?...
Discussion
Damn that sucks nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpz9mhxue69uhkummnw3ezuamfdejj70v5n7z is there a way to reopen accounts?
You emailed support@strike.me asking why your account was closed?
yeah and their response back was:
"As mentioned in our previous communication, the decision to close your account was made after careful consideration and is final. Unfortunately, we are unable to provide further details regarding this decision."
Just curious, what exchange do you prefer? I’ve tried many and I’ve found strike to be superior in comparison.
for ease of use, strike was a great option. close second would be cash app, however, if a company has to conform to US regulations, its only a matter of time until they have to fork over your information. Nowadays, i buy through robosats, a nonkyc option for buying bitcoin.
I agree it will only be a matter of time before these exchanges will be forced to provide KYC and other financial information to the government. I’ve had this discussion before and I’d like to get your perspective.
What cons could you list regarding the government knowing how much BTC an individual has acquired from an exchange?
well, take Kamalas attempt at unrealized gains tax. If that idea is conceivable now, it will become law within 15 years id bet. the irs started asking whether you own btc, and while you dont legally have to tell them that, anyone who says yes is now on another watch list. you can be tied to a wallet address and without proper privacy initiative, they can easily track down what youve done with your kyc coins. with their currency coming to light as worthless, holders of hard money become historic targets of merciless tyrant regimes.
anyone known to use privacy tech is automatically on that list
This is all a possibility, I agree. I don’t foresee however the government being able to verify that an individual still holds KYC sats (boating accident). On occasion when someone does admit to holding KYC sats (not sure why you’d want to do that) it would be a huge mistake.
Either way you look at this and how it’s going to unravel we cannot stop or slow down the inevitable. Similarly to knowing how to grow, dehydrate, and forage for food, build shelter, and live off the land homestead style, owning bitcoin (KYC or non-KYC) is only a tool to hedge against what will come. Christians in particular who understand prophecy of Revelation 13:16-17 should be at peace with what they have studied in scripture.
“It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.”
Revelation 13:16-17 NIV
there have been individuals who claimed they lost access and then later moved funds and the government extradited them from where they were. i know it happened recently in Spain, and the individual was pulled back to the US. throwing kyc sats into a mixer helps a bit. i found Liquid network privacy to be sufficient for what I need it to do
I’d love to read about what you’re referring to regarding the individual being extradited for owning KYC Bitcoin and claiming lost access. If you could provide a reference that would be helpful.
“The crypto investor known as ‘Bitcoin Jesus’ has been arrested in Spain on behalf of the US government on charges of tax fraud and failing to pay nearly $50 million in taxes earned from Bitcoin sales.”
Ahhh, this makes perfect sense. This gentleman didn’t play his cards correctly and has misunderstood/underestimated his government.
It didn’t take long in reading this article to see that this gentleman sold bitcoin at a gain and didn’t pay the gains tax. That’s a no no. I’ve never sold any BTC and I wouldn’t suggest anyone sell either. Spend sats but never sell, particularly at a gain.
This story highlights a different concern outside of what you presented as a concern in your earlier post.
Using a KYC exchange and paying your gains tax, as any responsible citizen should, would avoid being extradited and arrested. I think gains tax are a government scam, but that’s a different discussion.
hmm, regarding your first statement, im not sure what you mean. The point I was trying to make was that if gov can see the sat trail, we are only one executive order away from the government pulling another "you cant hold gold legally" situation. Bitcoin Jesus did a lot of not-smart things, and Im sure in hindsight he would have done a lot of things different to get the same benefit, however, it simply goes to show that they can and will track you if you are a big enough target.
Back to my first statement, buying nokyc and avoiding the surveillance discount is in everyway a better option in my opinion. Robosats offers a user friendly, privacy centered way of getting sats and the seller fees are ridiculously low considering the benefit. If you want to spend sats, nostr:npub18tcc00lqpysdsurg567dllzg7jeyr5wcyk2v6w23rx3s3ygyze2qv32nxx offers digital gift cards that you can buy with sats and you avoid the shenanigans that extradited bitcoin jesus.