As such developments are taking place, it highlights the need for more decentralized, peer-to-peer exchanges that can facilitate no-KYC bitcoin transactions.
https://bitcoinmagazine.com/business/british-banks-crack-down-on-bitcoin-crypto-access
Discussion
Use Peachbitcoin, HodlHodl, Robosats and Bisq to get #Bitcoin. Coinjoin everything.
And if you use custodial lightning solutions always be aware that it can all be suddenly gone or suddenly gated.
I’ll never use kyc exchanges in the UK. There are too many stories of banks retrospectively closing accounts without warning. Robosats 🤙 🤖
bisq is the closest I know
But I was imagining something clever with bisq
bisq is all about independent escrow and being able to buy and sell from anyone on the planet with some measure of distributed trust
Now imagine applying that same technique to a stablecoin
In order to redeem it you redeem it directly with anyone who's currently part of the network
In order to mint it somebody locks up dollars in escrow
no centralization
Now you can create a lightning atomic swap exchange
so you have a real time decentralized market, solving the true problem of onboarding in Bitcoin
checkpoints on the main chain to maintain a consistent state
I think at this point it's totally possible and just nobody's sat down and done it