#KYC shaming is the wrong way to improve adoption of #NoKYC #Bitcoin.
Instead, we should (A) accept that the overwhelming majority of #Bitcoin adoption is entering through #KYC ramps and (B) encourage plebs to start their own #NoKYC stash as part of their #Bitcoin journey.
Here's how I like to frame things -
It's a bad idea to register every single sat against your legal identity. It's never too late to start an unregistered stack of sats for your household. Start one now.
https://nostrcheck.me/media/public/nostrcheck.me_6917812739808265441694021391.webp
I used to worry about moving my funds out of bitcoin & ensuring that they were 'clean'.
Moving value out of bitcoin is not a concern anymore.
I don't regret having a KYC stack but I wish I'd started my non KYC stack sooner.
I think the circular economy establishment is hampered by KYC bitcoin (on the spending side). Everyone should have a non KYC stack.
I spend kyc sats on stuff no problem, they can come after me for not reporting losses of they want 😅
Aye.
We're all in various stages of non compliance.
Owning bitcoin is a light form - just the tip. It's only a matter of time before it turns into an orgy of non compliance.
🤙
Why’s circular economy hampered by KYC coins?
People are unsure with the tax implications of spending or don't want to deal with the complexity.
This pretty much disappears for them once they get some non KYC bitcoin. I've seen interest in non KYC bitcoin increase purely for the purpose of being able to spend bitcoin freely.
