Replying to Avatar Rod

https://m.primal.net/PUiI.mp4

The one and only econoalchemist of the 256 Foundation discusses the only way to close the loop of KYC bitcoin.

i have heard the argument before

but i dont buy into this

first of all i deleted most of my kyc accounts

and second i did a lot of coinjoin

so i think i can fairly say that i lost my coins

because the government doesnt know

which my addresses are....

third if i would cash out like this (in the video)

the banks would ask me where all the money is coming from

and even if i provide the information

if i would buy all back no kyc, withdraw cash

and buy at an ATM

everyone looking at my bankaccount

could guess that i bought back in with cash

maybe they cant proof it

but they also cant proof my addresses after heavy coinjoin

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Yea totally agreed

It solved the problem but raised several other problems😅

maybe you can do it like this if you are new and just learned that kyc is bad. i would say you could do it like that.

but if i would send my sats back to an exchange now after some years the fucking exchange can just rug pull me or the bank could freeze my account. its to risky for me.

Too risky to send back and sell and buy back non-kyc ones.

I’ll try to learn how to coinjoin those coins withdrawn from exchanges .

So many things in my to do list😅

Use lightning withdrawals and then swap using boltz. Problem solved.

yes and maybe use some ecash mints in between

no way they ever know your addresses

but if you withdrew onchain earlier you can use coinjoin

or swap to lightning and swap back onchain later

True. Selling your corns is the worst idea. Sometimes doing nothing is the best strategy.