Nostr Web Client

A quick warning for those who use Kraken. Last week they suspended my withdrawals with a large sum. Just like that. I had to beg them for 8 days that they lift the suspension. They wouldn’t say why they froze my money.

Remember, funds on exchanges are NOT yours. They can do with it how they please. Use P2P solutions… always.

sperry 2y ago

How can you off-ramp to fiat, with size, without using an exchange or a KYC centralized entity?

nostr:nevent1qqsf0pwleqhwxrglkra9kfmwnvrmkw7e2k4hz5xxg5e4l8uepkl3ptspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzd6jrnvdycvjv0jgwfpc5mk7g9a8kss3a0jqtqz3xsqs7cksc44upsgqqqqqqsjkuse6

Reply to this note

Please Login to reply.

Discussion

Beiner 2y ago

Robosats its a process I'm sure

sperry 2y ago

Unless it spits out cash, there's still a centralized entity to get the fiat in hand. P2P is definitely an option. I could probably take a massive haircut to sell a whole bitcoin, in person, for cash in hand, but it's still extremely powerful. You can't do that with Apple or Tesla stocks.

Bitcoin is anarchy.

Bitcoin is disruptive.

Bitcoin is permissionless.

Trying to contain Bitcoin is like stuffing a marshmallow into a piggy bank. Good luck.

Eduard 2y ago

That’s a good question. P2P solutions seem only to be for small sums. What if you wanted to buy a house while there’s still fiat?

⚡Lightning Goats⚡ 2y ago

Nostr real estate listings would be rad. Eventually I'm going to want to sell, and I'd like to cut out real estate agents altogether. Payment in Bitcoin only.