boooo
KYC Bitcoin is a shitcoin
Discussion
Yeah, but like how can I pay my mortgage with nonkyc bitcoin? Strike I can use and pay all my bills
you sell Bitcoin every time you need to pay a bill??
No, direct deposit to strike, auto buy x% bitcoin on payday, pay bills with usd there, buy bitcoin manually with the leftovers at the end of the month, send to cold storage when the utxo is good.
I guess I just dont know how strike works.
how do you use them to pay bills with USD?
You can use bitcoin too. They just added the bill pay feature, you basically have a fully functional bank account now on top of the exchange
well i mean obviously the receiver isnt getting Bitcoin
so they're converting to USD to make the payment
or more likely its all entries on a spreadsheet somewhere and theyre not doing live conversions unless they need to personally
idk
interesting and certainly convenient.
but custodial and ultimately not censorship resistant
There's no conversion because it's usd in strike. The way I do it is. Just buy btc with the leftover. Not censorship resistant, yes, but I'll ask again.... How you gunna pay your mortgage with bitcoin?
ok I'm confused
you're sending USD to strike right?
and theyre paying your bills in USD right?
and you're buying Bitcoin will the remainder, correct?
which is fine and all
but like how are you paying your mortgage with Bitcoin?
I'm not, but how you gunna pay a mortgage with nonkyc bitcoin?
oh I see.
i basically do the same thing you do.
except I pay all my fiat bills through normal fiat channels.
and buy non-KYC Bitcoin or Monero with the remainder.
same result
except *yours is more convenient,
and nobody knows *I'm a hodler.
Definitely think I'll get there in the next year, hoping to at least.
it ain't easy
ive got 40 acres myself so I can appreciate the difficulties.
Whatchu raising? I've only been in this game about 3 years, but have made more progress than most folks 7 years in, because I'm lucky to have a job that I can work from home and have very little hours.
only people.
and the usual gardens of course.
I would love to have ducks and sheep but we have serious predator pressure and I dont have any help.
BTW I follow and enjoy talking to both you guys because you're doing the homesteading thing. I'm almost there, I could start now but got to think about the future beyond my own lifetime first. There are little people I hope to equip with the tools they need to conquer the world one day, a home that provides is only a part of that.
What kind of predator pressure? Are you in a state where youre restricted with regard to protecting your livestock?
We have big cats and bears.
Also I volunteer a lot of my time so I'm frequently not around.
Maybe when I have more adult help on the land.
I hope so.
Very glad alli deal with is coyotes and foxes and such, there some mountain lions but it's rare. Bears technically are in the state, but not near us, I wonder if electric works against bears
KYC-free stack is insurance against government seizure. The % of your stack that is KYC-free is directly proportional to how paranoid you are about government seizure.
Since the floating of the strategic Bitcoin reserve, my paranoia has increased dramatically.
How does the govt seize bitcoin?
With intelligence gathering and violence.
They either seize you or the bitcoin, your choice.
I respect the level of paranoia, but if it comes to that, I think there's gunna be a series of waco like events
the government has fairly effectively driven Koresh-type open weapon hoarding underground since Waco
which is possible
because weapons aren't traded on a transparent blockchain anyone with a web browser can audit
I think the same Bitcoiners who would have an armed standoff with federal agents, are already buying KYC-free.
If someone who would genuinely go to toe-to-toe armed against the state and learned about Bitcoin, they would instinctively know 100% that Bitcoin should not be tied to your identity.
Maybe. I think of it in terms that I only have so much to spend attention on and I already raising 5 species of livestock on my regenerative farm and trying to double that in the next 2 years to protect our food supply.
I can respect that. I'm a busy man too, raising quite a few human livestock with my missus 😁
If you want to learn more about KYC-free checkout
Or my favorite bring some cash to a meetup and buy from a fellow pleb.