Some people are like omg you need no kyc bitcoin and some are like it’s not going to matter.
Who’s right?
Discussion
Depends on how gov react to it I guess in the end, only one real opinion stands if history is any indication
Yeah you don’t know what you need until you need it. I’ve been an auto dca guy with strike every paycheck. But I’m starting to think maybe to start a no kyc stack too. With hodl hodl or robosats.
ask YeYea a non kyc stack is pretty sweet too, you can simply build it by using a coinjoin service, personally I use robosats or Bisq and haven’t stacked registered sats in a while. It’s simply not worth forking over all the info needed by centralized exchanges imo
Yeah, I’m a little worried about how much info there is known about when buying from an exchange.
From a centralized exchange all your info mate all the way down to where you live, but you can opt out with coinjoin and decentralized exchanges, they don’t care about all that kyc info just simply how you want to pay
I think if you have a secured stack and the opportunity to get nonkyc you should. I don’t know how quick legislation will role out in your nation state. I mine i will have at least a month as my govt moves very slow. (Yeah yeah: so far)
Probably a bit of both — too soon to know. Best to hodl both 🫡
Yeah I think that’s my next move. Start a no kyc stack.
💯
Just remember to keep it 100% separate: different wallets, etc.
Here’s a solid resource
To me it doesn't matter because if let's say they tell a facility somewhere to block my transactions. Let's say in United makes you think someone in. Indonesia? Japan El Salvador is not gonna validate that transaction because because somebody in United States said don't validate that transaction. I don't think that person in that hub i's gonna care and they're gonna validate my transaction. My transactions are just gonna take longer but someone from around the world will validate your transaction.
It really depends on how much you value your privacy. KYC is basically like being red handed if your government wanted to crack down on BTC and that stupid ass “boating accident” meme isn’t gonna help you there.
No KYC gives you privacy so long as you do your homework and make sure you’re using privacy best practices.
@Diverter_NoKYC is a great resource for privacy as is @k3tan and @Odell