Subnostr

With the recent shutdowns of #SamouraiWallet, #LocalMonero and other services allowing to obtain KYC-free cryptos, I think that #sybil-resistant blockchains will be a prime alternative for the #plebs to grow their cryptos holdings KYC-free. The reality is that on and off-ramp to fiat will be soon restricted and definitely forbidden for non-KYC #crypto. A sybil-resistant #blockchain can allow you to obtain KYC-free coins that you can then exchange for #Bitcoin or #Monero. The best part is that these blockchains don’t even require specialized hardware or resources (besides a little bit of your time). Spread the word far and wide and I’ll be happy to share an example of blockchain that can be used for this purpose!

Cyber Seagull 1y ago

What do you mean "sybil-resistant"? That's the entire point of POW on Bitcoin. Any intermediary will be just exposed to the current legal attacks because the state is attenpting to redefine the entire language.

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Discussion

LogicallyMinded 1y ago

Yes, right my post is confusing. I was referring to human-sybil resistance. Blockchains preventing for one human to run several validators.

Cyber Seagull 1y ago

oh, like worldcoin ? Lol

LogicallyMinded 1y ago

Yes, but it doesn’t have to rely on biometrics or if it does the data shouldn’t be stored on proprietary hardware like for Worldcoin…

LogicallyMinded 1y ago

But my point being that those systems allow for new capital inflow which will be more limited if on-ramp is cut.