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Marinatin
20913d748e64bb87bec2b2c7f9da6a54daab74ab83efe5224988781358ec1732
Use the computer. Don't let the computer use you. There's a war going on. The battlefield is in the mind. And the prize is the soul. - Prince

How do I connect my Wallet of Satoshi via Nostr Wallet Connect / Alby without using a mainstream email for signup? Seems to defeat the purpose. ZapplePay needs some tips for the newbs

Replying to Avatar Marinatin

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?

Welp….it seems the CCd folks ain’t gonna bite. Been getting the OnRamp newsletter and just finished the interview on TFTC with nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy. These dudes get it. Probably the most thorough discussion i e heard addressing the things above…along with a foundation to create solutions. nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632 would Custodia consider being one of the institutions along side Kingdom Trust in OnRamp’s model? If not, why not?

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?

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.

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.

For basic necessities perhaps… even then is your local merchant or farmers market person gonna follow security protocol? Someone’s eventually gonna slip. It’s an easy programmatic hunt n kill for whatever gubment enforcement agency is deployed and it will most likely be private tech (see nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv‘s recent article on Peter Thiels investments). They won’t even need to send an IRS agent. You’ll just get levy notice. We already know from the hearings the FBI is tracking all activity. This is easy policing especially in a CBDC existence. Outside of basic necessities, it gets even more hairy with other large asset purchases.

I think there is a way to get ahead of it and it could be having a side pot with a trusted Custodian aligned in worldview (Strike or KingdomTrust perhaps) who has the resources to navigate the nonsense. Still, I feel like there are other solutions and financial instruments that could be created now so folks can continue to self custody and operate biz as usual in such an environment.

Those with fatter stacks will be faced with getting a second passport in a more friendly jurisdiction (ElSalvador still has extradition) and leave the country till the dust settles and the BTC phoenix arises OR make offshore investments and repatriate back to the US for operating dough. When BTC goes to 1mm demand will create the way, but why not get ahead of it now?

Anyone who is a student of history knows the mob will go to extremes to protect their hegemony. The small BTC holders are gonna cave under that pressure without options…meanwhile they seem content to go on meme-ing rather than game this stuff out together. We don’t win the monetary war that way. Doesn’t matter how good we are at homesteading and living in a blackmarket existence…which I’m all for by the way.

Help me think through this.

For sure. But like it or not…we’re out gunned both figuratively and literally. When BTC goes to 1mm demand will produce a solution to the inevitable onslaught but why not get ahead of it now and create the instrument/solution so we’re not scrambling and can include those with smaller stacks before shit gets real and economic pressure forces their hand. Do y’all really think BTC is gonna hit critical mass that will usher in such solutions before the institutional and gubment creates conditions to squeeze out the majority. I don’t wanna be part of a BTC minority when it moons. I want the masses. That’s the only way we win.

Yup. So then what’s the play when we see EO6102 events or regs that prevent hold keys in qualified accounts (similar to PMs) or _____? They’re going to try to force everyone into their bolshevik banking cartel approved custodians or else. Do folks really think you’re going to have a parallel black market economy with their non-KYC stack? That seems naive. It will be pretty easy for the man to programmatically hunt and kill in the era of AI and 8k fresh IRS agents. So it seems like one either needs a side pot or a trusted custodian with a shared worldview or be faced with leaving the country or achieving second passport with a way to repatriate offshore investment earnings (assumes min level of wealth) or some other hack that I’m not smart enough to figure out yet. Or we continue to slug it out earning fiat till the inevitable rise of BTC and the USofA sees the orange light… that ain’t gonna happen until after a lot a lot a pain (GDII, war, famine, CBDC, etc). What can we do to preemptively get ahead of these possible attack vectors? Maybe high profile folks like Lynn don’t wanna go on record discussing which I understand. Anyone? Anyone? Bueller? Buuueler?