Replying to Avatar Skipper

When you buy/sell sats via Robosats or Bisq (or any other P2P platform), and you use banks as the payment method, can you really call it non-KYC?

I mean, both you and your trading partner had to fully KYC to open you bank accounts. They could easily tie all those bank payments that you are sending/receiving from randoms around the world, and know exactly how many bitcoins were involved, what prices were at that day/hour, and how much you owe in taxes.

Not to mention, with each trade you risk they closing your account and freezing your funds if they suspect you are doing P2P crypto stuff.

Thoughs?
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Ronin 8mo ago 💬 1

plausible deniability my bank transfer to bank x can be for anything, and my bank wont probably "talk" to bank X, its hard for them to coordinate like that and there is privacy rules they must follow, so they probably do not know the account owner , the data is partitioned between the two entities. They have little basis to block a regular bank transfer, but they can easily block a transfer to binance or coinbase.

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FreedomTech 8mo ago

Oracle is the database all banks use.

Oracle was originally created for the CIA so the CIA could have a way to store all the data they were collecting

When I'm browsing my bank account transactions in a web browser, NoScript shows there is an Oracle script running in the background.

Why?

Oracle in my bank database. Oracle in the other guy's back account. They would never put 2 and 2 together.