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This will keep happening until people just make the switch to decentralized alternatives.

You can't marry Bitcoin to fiat-based traditional systems, and stop trying to pretend you can,

If you keep jumping from centralized platform, to centralized platform, you're part of the problem.

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Kajoozie Maflingo 1y ago

I sold BTC for fiat through my storefront for 2 years. They reached out to me after seeing bitcoin related blog posts on my business website. At first, all you needed was a smartphone, an email, and cash. I orange pilled several plebs at that time. Then LibertyX capitulated to the legislators bu requiring a phone number, pics of drivers license, and selfies. I stopped pushing the service to my friends and associates. It dried up, and I just got this email yesterday.

I know that BTC is here to compete with, rather than compliment the Dollar, and that decentralized exchanges (or off-the-books cash p2p transactions) are the only way forward. I'm working to build a circular economy. It just sucks to see the entrance and exit doors all closing so rapidly.

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Discussion

Uxellodunum 1y ago

Absolutely, but as you allude to, fiat doesn't like competition, and when those ramps are relying on the very thing they're supposedly competing against, you could see this from a mile a way.

Let's be clear, KYC and such other regulatory pressures have been on the Bitcoin's doorstep since 2014.

The first big reminder/warning of this I can remember was from Satoshi when they said the swarm was coming for us (Relative to Tor at the time, sure, but also, likely not).

Warning after warning, I personally got tired of it all and ditched all such attack vectors I could see - It's just easier than having to rely on doors that are constantly closing, and at more rapid pace as they goes on.

I think 10 years later, the UX has improved to the point there is no excuse to not be free.

Kajoozie Maflingo 1y ago

In 2024, if a normie friend wants to buy BTC with fiat, how do you tell them to do it? Buy Tether then go to Bisq? LocalBitcoins? Go to a meet up?

Kajoozie Maflingo 1y ago

I used to be able to say "just come by my office with cash and a smartphone, I'll sell you some corn, legally, with no bank account, phone #, or drivers license."

I think we just have to become outlaws.

Uxellodunum 1y ago

Of course we're the outlaws - Bitcoin is able to operate outside of them.

Normalization through adoption is our sword.

Uxellodunum 1y ago

Why Tether?

Go straight to Bisq, or better yet Robosats.

Localbitcoins is no longer operating.

Peach Bitcoin is also an option but will eventually fall for the same reasons Localbitcoins did.