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Replying to 89640f38...

I would say yes that would be a KYC free purchase. KYC/AML is the requirement for regulated institutions to collect personal information about customers. This makes it easy for state actors to identify you should they wish. Buying through KYC channels means next to zero anonymity for you. The smart plan is to be increasing your anonymity around purchases as much as possible. Things like mining and cash purchases (possible on Bisq) give you a very high degree of anonymity but it is hard to build a substantial stack in this manner. Buying through a p2p exchange using bank transfers is far more straightforward than mining and cash purchase say, but reduces your anonymity to a degree. Your counterparty will know your name and bank details, your bank will have record of the transfer as will the other party’s bank, though it would not be immediately obvious what the purpose of the transfer was. Someone would need access to the BTC seller’s xpub to be able to infer which UTXO was involved.

My point being that using Bisq puts a significantly higher barrier in front of state actors looking to confiscate or punish. In a 6102 scenario states will go for the 99% that used regulated exchanges. Don’t be part of the 99%.

When introducing interested friends and family explain this to them. If they want to dabble a small amount but want a path of least resistance don’t let an exchange be that path. As an example buy through Bisq on their behalf and send some sats to a BlueWallet on their phone.

In that sense what’s to stop myself from sending my exchange bought KYC BTC to another address that I own. I can say that it was lost and got hacked, coins were transferred out. Technically the new address would be ‘KYC-free’? Maybe this is extremely dumb haha but tell me why.

Replying to 89640f38...

The site is https://bisq.markets.

I understand that the current price listed for each fiat is simply the price that was paid in the latest trade in that currency. You’ll see some fiat prices are below the equivalent “mainstream” market price. This means the latest trade was likely a fiat seller putting up an offer to buy BTC below market price and a BTC seller accepting that trade.

This might be a stupid question, but if someone bought KYC btc off an exchange and then sold it on bisq to me, would that still be considered nonKYC for me? #KYC #plebchain

To make things easier for myself, I will commit to #zapping at least one high value post every day #zap #nostr #plebchain

#[4]

I still find zapping a bit counterintuitive. Hard to reprogram the fiat scarcity mindset. It is quite fun though. #zap #plebchain

Omg Damus update. I can zap now. Who should I zap? #plebchain #zap

#plebchain do animals deserve moral consideration? If so, how much?

Still waiting for Damus to get zap out of test flight….

Wow you legend! I actually wanted to send it back, but am having trouble with Muun. Still new to this, does Munn not support this?

#[0] thank you in advance 🙏

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Great episode. I hold bitcoin because I’m risk adverse and I’m sick of the system pushing me to risk my money on investments I don’t understand

https://fountain.fm/episode/13469519415

I’ll respond with a few Socratic questions: is there such a thing as ‘true’ self and how do we know? What is it? What is the next level of human maturity and why does it depend on us finding our true self?

Finally, what if freedom of speech comes at a cost of other freedoms?

FWIW, I’m not proposing necessarily someone else decide what you can or can’t say. At the very least sometimes maybe self censorship is considerable? #[3]