Alright, help a girl out with the abbreviations. KYC?
Discussion
Know your customer.
This is how exchanges and government can track you.
So like, asking for name, date of birth, address and all of that when you open an account?
If they didn't ask for that, wouldn't there be a lot more fraud?
There's a two tier justice system. Rules for them and rules for you.
They allow suspicious transactions all the time. When they get caught, its a fine, no one goes to jail and the fine is written off as a "Cost of business".
With Bitcoin you can be in control of your Satoshi. Some people are not, they leave it on big Bitcoin exchanges, which is where they they also track you.
know your customer rules. Exchanges have to know the customer e.g. take copies of ID SS and inventory of what you buy and sell and report it IRS (here in the US). NOSTR is perfect for earning NON-KYC sats (to you that is). You should sweep your sats earned from your Nostr connected wallet to a hardware (off -line wallet), such as a cold card or jade. Sats collected this way means no one knows who controls the sats/BTC. non kyc bitcoin is a beautiful thing, much like you. :)
You're a doll! I don't have much in my wallet yet, but when I do, I'll definitely be looking into how to store them safely.