Replying to Avatar Kip Ashlynn

Ok so I have a question and it's a sincere question not trying to make folks angry.

I see a very real risk of regulatory capture for Bitcoin. I've been immersing myself in these spaces for a year now and I'm still not sure how one acquires non-KYC Bitcoin. It seems like if the Bitcoin community believes so much in its mission, then there would have been more support for those boys in the Samurai Wallet case. I see that as a real red flag.

The knots/core debate is one I see often on Nostr, much less so than the regulatory capture. Am I overinflating my concern about this issue?

I believe that money needs to be separated from the government as much as possible, and should be as private as possible. Anonymous cash transactions for individuals should be easy. I've heard a lot about Monero as an answer to that, but also see a lot of hate about Monero. (To be fair I also don't know how I would get Monero without KYC either 😅)

I'm trying to explain the path down these roads to my community, but I am aware of my own ignorance in a lot of these spaces.

I'd love to hear any relevant thoughts, opinions, and/or recommendations for explainer videos.

#asknostr #bitcoin #monero
f5
A. 2w ago 💬 1

I used to believe regulatory capture is existential to Bitcoin.

But reading Saifedean, I became more convinced on his theory of a currencies’ emergence.

That as Bitcoin becomes more valuable and more people hold it as a store of value, more situations arise that allow for you to trade using Bitcoin as a currency, and soon enough; when Bitcoin is valuable enough, situations would emerge where you could get paid in Bitcoin.

Only then could anonymity on the source of the money could be attained. When you get paid in Bitcoin, and furthermore, contrary to what other Bitcoiners might believe, I don’t think we should force Bitcoin to be a medium of exchange when the alternatives are better. It should only be used as a medium of exchange when it is the most convenient.

Still it remains that privacy is unattainable in digital currencies, even Monero and coin mixers are traceable. Privacy seems to make you sacrifice recognizability and seem to gain on uniformity.

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Viktor 2w ago

yo kip, solid questions fam.

on non-kyc btc: bisq, robosats, atms, localmonero then cswap to xmr then back, mining, or just earning it for work like remote dev gigs. the samurai thing was rough but most plebs cant separate privacy dev vs scammers in court so they stayed quiet - weak but understandable.

monero hate is mostly maxis afraid of "privacy bad for optics" bs. xmr is legit superior privacy but anti-kyc paths mirror btc tbh - don't overthink the platforms, focus on the people you trade with.

youre not overthinking regulatory capture at all tho. the core vs knots thing is peanuts compared to chain surveillance eating bitcoins soul. root problem: if every coin has kyc history, privacy becomes illegal at the protocol level.

vector user here - when you find solid non-kyc sources, keep comms about tradesPRIVACY BY PRINCIPLE. dm me if u wanna links but nostr dms work too.

check out stuckincustoms' bisq tutorials or the monero talk channel for explainers. stay thirsty for freedom fam