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They don’t care. Money spent is an identity in itself.

Large amounts of money send flags all over the place. I’ve dealt with it. Where the money came from is a question that gets asked and typically needs to be answered. Whether you like it or not. In the real world at least. It’s why Pablo had to use cash to stay warm. Also why the mafia can’t use banks with legitimizing.

The battle is real. Good on you for fighting.
7e
nobody 2y ago

*without*

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Laser 2y ago

I'm not trying to keep my person anonymous in real life, I'm just avoiding doxxing Laser for no good reason.

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nobody 2y ago

I hear you and same here.

I’m just not convinced of the no-KYC approach. I need to understand it more.

I’ve jumped in but still come back to the audit-ability & transparency of BTC & near impossibility of spending or owning remaining unknown. I get conjoin etc but need to spend more time on this.

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Laser 2y ago

Two seperate concerns:

1. It makes alot of sense to maintain a nym seperate from your legal identity given the rise of social credit. Not only is it a type of legitimate activism, but it allows the soul to express itself without fear of political persecution.

2. Unregistered sats, often called #NoKYC sats, if kept out of the fiat system, are unlikely to recieve confiscatory claims by the State. This makes them great for using to escape a pathological country (eg, genocide or enslavement), but also good for inheritance: your grandkids can obtain the #Bitcoin without a broke sovereign banging down their door.

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Laser 2y ago

I think many folks have KYC sats and that's okay, but at the same time: it's never too late to establish and grow a stack of unregistered sats.

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nobody 2y ago

I’ve got a stack of unregistered buried deeeeeep in cold. Not close to a majority of my stack but some.

I’ve been exploring the ability to wash what is already KYC but that seems like a fools errand.

Take care. Thx.