The best way to keep bitcoin ownership decentralized?
If you have to sell bitcoin,
Sell it to other bitcoiners
Do not sell it back to the exchanges
We will never get those sats back
Discussion
I like this idea- any idea how to really do this? I would buy sats from people I know, if they had BTC and needed to sell. But how do they know I’m a buyer and how do I know they need to sell? Honestly I don’t know any real world people with BTC… so maybe someday this will be feasible more than today.
There are several ways to do this:
1. Peer-to-peer exchanges like Robosats, Bisq, and others
2. Local meetups - exchanging contact info with other bitcoiners IRL
3. Bitcoin communities - like the best community in Bitcoin (Living in the Future 😏)
For real though, our LITF community is second to none.
I've bought and sold bitcoin plenty of times with other bitcoiners in the group. This week I bought some from a fella in Ireland who needed cash for a family trip.
I have heard of robosats and bisq, but never looked into them. Those are all good suggestions- thanks!
Also might be worth looking into haveno where the route would be funny money -> XMR -> BTC to make it harder for anyone to find out you own that BTC
Old school localbitcoins was such a great site. You could also arrange to meet the individual selling/buying in a public space to make the transaction. It was a great system.
I’m apart of the LITF , but can you add me to the signal group ? Just send me a message through nostr if possible for the invite .
Is there a marketplace that has all the bitcoiners that offer goods and services? Like an Amazon for btc or list of businesses that accept btc like a Yelp?
Btcmap would be the closest I know of
Well said. Sell those sats in the gray and black markets if you really want to make a difference!
