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berean jones
02748827a1016a393c780aec1d96191a3b8df1c397d09351029cbb25b2d83443
Bitcoiner. Engineer. Christian. Theologian Writer. Husband. Father. Trapped on Prison Island UK. #Bitcoin #Christian #Family

Sat down to think about my strategy for Nostr.

Pay it forward? Value for value? Emotional zapping? Which client, which relay, which profile, which wallet? Nym, semi-anon, full dox.

Yes, I thought, that's exactly what I need.

A Nostr Strategy.

Nostrategy.

No strategy?

So the best strategy is no strategy.

PV ☀️

Hey anon. Just zapped you, hope that helps with the blues. Paying it forward as nostriches did the same for me this week

A small prison island off the coast of France 🤭

... and thanks, I like the pay it forward vibe.

Hello Nostrich.

Greetings from the other side of the world.

We're all Satoshi

💜⚡

lnbc4200n1p3lyqwhpp53ajay69xmdjtmpg26q0slgd3xceepa044eqpl8avsd6ha6wtr64qdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp54vgrllugqp5ptp7fdc5d4qnj423cms4q0dgdq590285eu93lgclq9qyyssqemp0ep25xykwqteuhrcl4rs8hv08hxc7vxuswn4c3m2qpyqmusf5agncme23ah2kk36qf2ytrk64jus9rytngky688ae2mwpkcfv28sppndtky

Replying to Avatar ODELL

KYC Bitcoin: Individuals are on Lists

-----------------------------

What is KYC/AML?

• The acronym stands for Know Your Customer / Anti Money Laundering.

• In practice it stands for the surveillance measures companies are often compelled to take against their customers by financial regulators.

• Methods differ but often include: Passport Scans, Driver License Uploads, Social Security Numbers, Home Address, Phone Number, Face Scans.

• Bitcoin companies will also store all withdrawal and deposit addresses which can then be used to track bitcoin transactions on the bitcoin block chain.

• This data is then stored and shared. Regulations often require companies to hold this information for a set number of years but in practice users should assume this data will be held indefinitely. Data is often stored insecurely, which results in frequent hacks and leaks.

• KYC/AML data collection puts all honest users at risk of theft, extortion, and persecution while being ineffective at stopping crime. Criminals often use counterfeit, bought, or stolen credentials to get around the requirements. Criminals can buy "verified" accounts for as little as $200.

During the early days of bitcoin most services did not require this sensitive user data, but as adoption increased so did the surveillance measures. At this point, most large bitcoin companies are collecting and storing massive lists of bitcoiners, our sensitive personal information, and our transaction history.

Lists of Bitcoiners

KYC/AML policies are a direct attack on bitcoiners. Lists of bitcoiners and our transaction history will inevitably be used against us.

Once you are on a list with your bitcoin transaction history that record will always exist. Generally speaking, tracking bitcoin is based on probability analysis of ownership change. Surveillance firms use various heuristics to determine if you are sending bitcoin to yourself or if ownership is actually changing hands.  You can obtain better privacy going forward by using collaborative transactions such as coinjoin to break this probability analysis.

Fortunately, you can buy bitcoin without providing intimate personal information. Tools such as peach, hodlhodl, robosats, and bisq help; mining is also a solid option: anyone can plug a miner into power and internet and earn bitcoin by mining privately.

You can also earn bitcoin by providing goods and/or services that can be purchased with bitcoin. Long term, circular economies will mitigate this threat: most people will not buy bitcoin - they will earn bitcoin - most people will not sell bitcoin - they will spend bitcoin.

There is no such thing as KYC or No KYC bitcoin, there are bitcoiners on lists and those that are not on lists. 🤙

https://www.discreetlog.com/kyc/

Increasingly common are the 'inbetweeners'.

Bitcoiners already on lists but starting to build invisible parallel stack.

I keep global on the paid relays and turn it off on the free - and yeah, nostrgram.co is your friend for 'restore following list '.

PV 🤙

Years from now, nobody will care about ordinals, only whether you have control of the actual sats.

Invest your time, talent, and treasure wisely.

💜⚡

Hey 🤙

I changed lnurl in amethyst profile.

Do I log in to nostrplebs and update to the same? Does it matter if the ln addresses get out of synch?

Nostr: Practically, a Declaration of Independence in Cyberspace (homage to John Perry Barlow)

https://youtu.be/UwFM8giDUO8

Meanwhile.

UK Gov: 'Help more people prove identity online' (weak Shba Inu Meme).

https://www.gov.uk/government/consultations/draft-legislation-to-help-more-people-prove-their-identity-online/consultation-on-draft-legislation-to-support-identity-verification

Humbled by the zaps 🤙⚡💜

Generous nostriches, 1000sats, 2000 sats... amazing.

Cheeky nostriches, 420, 69... ahem 🤭

What are the security implications of channelling zap communications through a telegram bot?

To me it feels like a backward step, a telegram honeypot potential is unknown.

How to balance privacy and convenience?

Once again I have #nostrafomo (that nagging feeling other nostriches moved forward and I'm here still here enjoying yesterday's news).

NIP05 was about linking a memorable handle with a public key? In my case berean@nostrplebs.com with freedom to come back with a new pub key in case I lost access to the current one.

Got zaps going by adding lnurl to profile (WoS) and 'relying' that apps would do their thing with NIP57.

WHAT DID I MISS???

💜

PV🤙

Good luck on your journey to 1 BTC.

On tweeter;

inflooencers buy followers, promote tweets, use sock accounts to fake engagement, and then sell 'step by step' guides on gumroad for $97 to teach how they grew organically

On nostr;

inflooencers don't last long.... and honest nostriches joke about zapping themselves for the feels. 😁 Great content appears in a nonchalant way and the zaps take care of business

⚡💜⚡🧡⚡💜⚡

🫂 A hug from the diaspora 💜⚡

Tick tock

This too shall pass.

💜⚡

Only on #nostr can a call for help like this be answered speedily by a generous nym called WARTIME PSYCHOPATH.

I like this version of the simulation 💜

Oh I thought Wallet of Satoshi was a solution?

I can zap posts and I thought I was getting zapped but maybe those generous nostriches were going to my profile 💜

All very confusing.

Pura vida fading.

😢