What is you get financial issues and have to sell Bitcoin for fiat.
Isn’t it very difficult to use non kyc. Have heard a lot of stories that centralized financial system don’t accept sats from that origin.
So I’m thinking. Isn’t there also a downside to non kyc
There are trades happening nonKYC as we speak in person, on platforms like Robosats, ect. There is built in protections with something like robosats that ensures you get your money. This is one of the benefits of our amazing technology. Everyone who tries to control it wastes all their money and power trying to do so
Id highly recommend checking out robosats, i cant recommend bisq cause i personally have never used it. Setup an offer to sell $50-100 on the platform, something youre comfortable testing with. Get familiar with the process, look at how it secures the funds, even try to see if you can break it somehow. Its pretty fantastic in my opinion, and the only way i buy btc now. They are pushing changes that will make it even more amazing too.
Thank you! Will definitely look into it
That is a fallacy. All bitcoin is non-KYC except to the person who attached their government ID to their bitcoin withdrawal address by using a KYC service. Every business that is trying to filter bitcoin based on whether the person sending it is KYC'd to the addresses they are sending from would require total network surveillance. That may actually happen, where a centralized surveillance provider must be queried to approve of transactions. But any bitcoin in such a scenario is captured. Transacting with such a business will be dealing with the devil that is bent on bringing bitcoin to heel.
