Nostr Web Client

One thing you will realize is Zelle is an absolute shitcoin and US banks are a joke.

I have never used Zelle.

When I tried bisq. Zelle was the most common payment not sure if that is still the case on bisq. I can tell you that 20-30% of tranacations get flagged. US banking is so bad. If anyone wants to see how bad a future cbdc would work just try Zelle.

This happened to me often. Super annoying. Now I only use Strike as my payment method and don't have those issues.

I don't get why you wouldn't just use Strike to send Bitcoin to yourself?

I send cash from strike and get KYC free bitcoin. Unless, of course, someone cared enough and had the authority to get my transaction details from Strike and match it to the transaction.

Isn't Zelle a person to person way to send money, essentially a bank to bank transaction, the banking industries PayPal/CashApp? Why would they get flagged?

Banks flag it as potential fraud and lock the account until you confirm your details over the phone.

Yikes. So I won't be using Zelle then.

nostr:nevent1qqsq9nfustk8mz2py6khkpsqnqrddy6v79rp67x6jjsya52qa3shcyqpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzq0r3jarmy778rlvlg00cugwpm0fn9ucle2g3q2va0l5flr2ucql9qvzqqqqqqyrcpwxx

Each bank have different rules regarding Zelle. Multiple tranacations, the bank wanted to know exactly what transaction was for before letting it through. Chase was one of the ones with the most problems. One person had to go to the bank so they would unlock his account so he could use it again. I guess flagged for suspicious activity for security of the user. I hope it has improved since the 1-2 years since I tried it. I doubt it though. I pray 🙏🏻 we get a more Bitcoin friendly adminstration next. With time things can change. Sports gambling is huge now a decade ago it was forbidden.

The Daniel 🖖 2y ago

It’s beyond awful. Consider yourself lucky.

nokey 2y ago

What’s the markup these days?

3c

₿itcoin 2y ago

Would Bisq serve as a potential good interface for this?

3c

₿itcoin 2y ago

And including a signature to proof the transaction is on behalf of someone else.

captjack 🏴‍☠️✨💜 2y ago

host ur own

Feel like only payment method that is sovereign is cash and basically the more you do it eventually you transact cash for Bitcoin with a Fed and its

Sad but America hates Freedom. These acts in their eyes is criminal. Privacy is not allowed.

f4

6am 2y ago

Me too

Ditto…but still full KYC via Zelle. Am I right? They’re gonna file form 8300. Show me another way. I’m stumped and not that smart.

The bank knows you sent someone money. But they don't know why. Either way, Zelle sucks.

Doesn’t matter if they don’t know why. The banks file a CTR for anything over $10k and now anything over $600 is reported and IRS requires form 8300. So the whole thing is a nice idea but your still full KYC…So you might as well just pay fees to support folks aligned in worldview like nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle, as well as prepare to shove a side pot in with a trusted custodian because I suspect that’s soon going to be the gubment’s ultimatum. The more I try to discuss these things with folks here…the more I’m finding they don’t actually know how the banking system works or maybe don’t want to talk about solutions publicly because they’re too high profile. nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx plugged nokyconly.com at a conference and even that resource doesn’t provide any real solutions for converting any significant amount of fiat, but I would love to be corrected or at minimum game this out with folks who don’t want to just regurgitate meme headlines. It’s not practical to smurf any significant amount cash outta the system without getting flagged. Show me a way apart from taking a private flight.

I'll dig into the IRC Section to be sure, but my understanding is that the $600 rule targets businesses. Not the general public sending money to each other. As for the $10k with banks, its pretty easy to stay below that number. I'm not talking about tax evasion, so if I convert $10k+ to fiat for some reason, I'm not concerned with reporting the income. But my holdings until that point are my business.

Yeah..so banks or MSBs will actually file what’s called SAR for transactions over the $2k threshold and if there are multiple transactions under $10k or repetitive cash withdrawals then it gets especially gets flagged. So there isn’t a way to move any significant amount of capital without getting tagged n bagged. I’ve worked in CC Acquiring and Treasury Mgt stuff for a decade. It’s super gross. I guess one could buy a pile of KYC gold and do a peer to peer transaction because I doubt they’d try to EO6102 again, as it wouldnt solve the monetary situation post petro dollar and civil war will break out in this climate. Still, that doesn’t solve the problem of how to use your non KYC BTC in a way that wont be easily hunted down n killed. It seems the only way is to have a side pot, align with a trusted custodian, keep earning fiat, and homestead.…while waiting out the bolshevik banking cartel’s demise and the BTC phoenix arises from the ashes. It will happen but could take a decade. It sure would be nice not to have to move to a friendly jurisdiction and invest in foreign assets in order repatriate earnings for operating dough back to the US. Most don’t have a fat enough stack to be able to execute on such a strategy so they’ll be neutralized and all that meme-ing will have been for nothing. So who is going to create the foreign asset instrument mechanism to save the masses and keep em in the game? Young nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle ? Uncle nostr:npub1nvxnc8egjlhpqtzrxmav3yk8frf3p7y9wujgwrcgwep2xr77xrvsa0paqn? Daddy nostr:npub18p63njhaxftx3m8luk2h0umj8p3cmfx09kv9hqhext7gr5ea585qsc0k8k ? Queen nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632?