Replying to Avatar Juraj

From nostr:nprofile1qqs2rtqkfwr2yh9q8my0najudqk8hw2wp5v9sz44m54a722zl56hrqqppamhxue69uhkumewwd68ytnrwgqs6amnwvaz7tmwdaejumr0dskhpqv4 who does not post on Nostr much:

"Technology leads, politicians just follow," a famous quote from my friend nostr:nprofile1qqsxd7rasz53jav2vjlq6twg5wj68lgvm0t4lj79skkka9jju8qfv3cpzpmhxue69uhnzdps9enrw73wd9hszxthwden5te0v9j82mr59ccnsurvw4ejuum0vd5kzmqr63y6e, which I have remembered for a decade and see everywhere around me.

Politicians and bureaucrats continually impose restrictions and limit our freedom and privacy.

And it is disruptive technologies that are giving us back our freedom and privacy.

The best examples are Bitcoin and VPN/Tor.

Both are disruptive technologies that undermine power structures — the centralized, monopolized banking system and government efforts to censor or control internet content (yes, that includes European Chat/Age Control).

Since 2026, EU legislation DAC 8 has been in force, which makes all crypto transactions on centralized platforms completely transparent.

If you, as a European citizen, use centralized exchanges or any other centralized crypto platforms, the state/tax office will know everything about you.

In a situation where a French tax office employee leaked internal information about individuals who own cryptocurrency to the mafia, which then organized armed robberies, I don't think it's a good idea to disclose to the state how much cryptocurrency you have. And in 2026, you will be doing just that by using state-regulated, centralized crypto services.

I was extremely pleased that with the advent of DAC 8 dystopia, new disruptive technologies emerged.

ZKP2P is the first trustworthy, DeFi, P2P on/off-ramp service that enables a new way of buying and selling cryptocurrencies (crypto-fiat, both ways).

And it is fully decentralized (without a centralized administrator that the state can regulate) and without the risk of fraud.

ZKP2P cryptographic proofs allow buyers to automatically verify that they have transferred the correct amount to the seller. The settlement itself is carried out by non-custodial smart contracts.

Everything is done in 60 seconds.

Something like Binance P2P, but decentralized, without the need for KYC.

Something like Bisq, but much easier to use, with lower fees.

Something like Vexl, but you don't have to share your number with anyone, and you can safely trade with completely anonymous people (you are not limited to a trusted circle of acquaintances).

https://zkp2p.xyz

ZKP2P only allows you to buy and sell stablecoins, but you can swap any crypto into them anonymously — without telling the government (via Zashi, Near Intents, Thorswap, Thorchain, or other services).

ZKP2P currently only supports global banks (including Revolut, N26, and Wise), but it is easy to add support for any local banks.

Ultimately, you make an instant bank transfer (you can enter any payment description), but no one knows that it is for the sale/purchase of cryptocurrency. And indeed not the tax office, which, as we can see, can pose a real threat to your physical safety.

Centralized, state-regulated exchanges are dead. DAC 8 killed them completely.

Long live ZKP2P!

Long live disruptive technologies!

Big movement forward in general, however, the BIG question is how do you deal with fiat in “banks”? The only downside I see is being a seller and receiving “dirty fiat”. And this happened to various people I know (many times with Revolut) -> flags, delays, explanations, investigations, even freeze.

I got the benefit of zero trust, privacy, on one side. On the other “fiat side” nothing changes and still has same downsides (when receiving fiat -> counterparty risk). To solve the fiat “freezing/investigation” downside there’s honestly just one option (it costs POW - time, effort, physical location, etc..) and that is physical P2P via nostr:nprofile1qqsd54k9fd0xwjwkttgr3svkg7reftu5una95nhacg95nxq7fmzkdscpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujumn0wd68ytnfdenx7gfsy44 . With digital fiat involved it is just a partial solution and it is important to count with “digital fiat” drawbacks.

Reply to this note

Please Login to reply.

Discussion

I agree, it is true. Or even worse. For example I was investigated by Revolut for a normal, definitely not dirty transaction. What if it is really dirty?

I also prefer P2P and cash.

But as long as people prefer electronic payments (look even at nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyvhwumn8ghj7mn0wd68ytn6v43x2er9v5hxxmr0w4jqqgx62mz5khn8f8t945pccxty0pu5472wf7j6fm7uyz6fnq0ya3txcvkl3f4a - many are "send me to revolut"), this will have utility. But it will have utility also beyond this.

Imagine for example instant release of collateral when you repay a loan. You have contract (Firefish), all is good, they would release the collateral manually, but now it would instant, you don't have to wait for anyone.

Or imagine onboarding to Cashu, or some Nostr wallet peer to peer. You send someone - not the Cashu / wallet operator some fiat and you get Bitcoin/cashu tokens instantly. No third parties, no fees, no KYC(!) by a centralized entity. It is not anonymous, but there is no central entity collecting your identities.

Agree with all you have wrote. Same perception here. 👍