This is my bartender that I had using Wallet of Satoshi last year. Then I moved him to Phoenix. Now I moved him to Strike. Please show him some love in this confusing time. 
Discussion
The question before us is: KYC allows us to use lightning to spend Bitcoin. For the development of Bitcoin, is it more important to use small-amount payments or is it more important to keep the privacy of small-amount payments?
Yeah, but you don’t have to KYC to use lightning. It’s easier yes, but not requisite.
Yes. But most of the people who use Wallet of Satoshi and Phoenix are ordinary users. This is the minimum threshold for them to use sats. According to the current anti-money laundering trend, ordinary users who join in the future will use KYC wallets. But from another perspective, the more people use and consume sats, the better it is for Bitcoin.
Indeed. KYC will always be easier. Compliance is convenience.
Sent
💜💜💜
⚡️⚡️⚡️
I still casually use wallet of satoshi 😅
Done
barcode not scannable because of the light, but sent 50.
Did you tell him to make sure to set it to receive payments as bitcoin? It used to default to cash. Not sure if they’ve changed the default.
Doneskies.
Use the money of the future! Every six months you need to find a new wallet! It’s amazing! 🤣
Sad but accurate 😂
Basically this person went from no kyc to full kyc
Sent a few sats from my WoS. ⚡
Should have used monero
Why would I rug my bartender?
WoS:
❌Custodial
❌Permissioned txns
✔no-KYC
❌Private
Phoenix:
✔Self-custodial
❌Permissioned txns
✔no-KYC
❌Private
Strike:
❌Custodial
❌Permissioned txns
❌KYC
❌Private
You're leading him in a worse direction FYI. Almost no advantage over Paypal at that point. Should have at least moved him to Mutiny or Zeus.
How about Mutany ?
lol sorry last part cut off.
Similar to Phoenix. Better in some ways.
✔Self-custodial
❔Permissioned txns (You can use any other LSP you want you aren't locked into one like Phoenix. Or even better connect to your own ln node.)
✔no-KYC
❔Private (If you use fedimints, very strong privacy, but you lose self-custody in that case)
Sometimes you need to know your Bitcoiner. Not every person is ready to deal with all of the headaches and hardships of being fully self sovereign with their sats right away. Some just heard about it and want to get involved to start their journey. Not everyone wants to run a full node just to get 10K sats for pouring a beer. Not everyone starts out as a Bitcoin Maxi on day one. What we need to do is give people the tools to succeed in the beginning so that they don't fail their journey too early on and end up Shitcoining or leaving altogether.
It's the worst of fiat mixed with the worst of Bitcoin and you get no advantage of either. If you're giving up every major value prop of Bitcoin by using Strike and WoS what is the point? They obviously don't care enough then. Maybe some day they will. You don't have to run your own node to self custody Bitcoin or use it without permission.
I'm sure they can easily accept cash or digital fiat for that beer and it is much more accepted as currency.
I completely disagree, but that's fine.
https://github.com/libbitcoin/libbitcoin-system/wiki/Value-Proposition
Linking to GitHub as a solution just turned away 99% of the world.
Lmao. It wasn't a solution it was a description.
And most of the world doesn't really care about Bitcoin, it's a glorified stock market ticker to them. That's not the interesting innovative part of Bitcoin. It is a powerful tool for those who do understand it's real value props and want to use it for that. The rest is larping.
I can copy paste and save you a click if that's too hard for you:
"The value of Bitcoin over its alternatives derives directly from removing the state from control over both monetary supply and transaction censorship. Advantages include freedom from seigniorage, foreign exchange controls, and financial surveillance. These allow the money to be transferred to any person, in any place, at any time, without need for third party permission.
These advantages represent cost reduction through the avoidance of tax. Seigniorage is directly a tax, while foreign exchange controls limit its evasion. The state itself often claims political independence as an objective in the interest of limiting this taxing power. Financial surveillance limits tax evasion more generally. While Bitcoin cannot eliminate tax, or even necessarily reduce total takings, it represents a change in the nature of taxation. In any case, for those who consider the state a social good, the option to voluntarily fund it remains.
It would be an error to assume these advantages flow from the existence of a more efficient technology than employed by monopoly monies. The technology is far less efficient, yet it helps people resist state controls. It is this resistance that provides the value."



