Avatar
Ron Miel
5ea6171a0130457a3176bd8b9eb7f6f3bd2e77412aa2ff64d4469305a02022c6
allegedly knowingly facilitating small-scale money laundering by operating an unlicensed money transmitting service since 700653

Can't say I like the changes, but at least you're still in business. I have a question though: if I have a monthly dca plan set to 999CHF that triggeres 1st of every month, will the KYC verification get triggered on the 1st of march, since february has less than 30 days?

Oof, one of my dream cars! But not anything new, one of the old 90s models for sure. Gotta stack some sats first haha

Sort of, yeah. Fortunately Toyotas are quite reliable, so my technique mostly works out just fine...

Replying to Avatar L0la L33tz

Another day, another exchange I am suspended from.

All of my funds are conjoined or swapped between LN/XMR for privacy before sending to exchanges, triggering all sorts of nonsense AML flags.

The exchange I am with now is requesting proof of funds, meaning it wants to see fiat coming into my bank account from an entity I have a business relationship with, asking me to "kindly assist them" in surveilling me.

Except that all of my business relationships are handled in bitcoin – meaning that it is impossible for me to show proof of fiat funds.

Alternatively, the exchange says, I could send them “the address” to which I received payment in the last year, matching the amount of money I have exchanged on their platform.

Obviously no such address exists as I create a new address for each transaction (and so should you). Additionally, much of my money comes in through donations, for which I simply do not have an invoice.

I could now send them every single zap I ever received on nostr in the past year – for context, that would be over 250 zaps in the past week alone, s/o to all the zappers – or I could move my business to Switzerland, where I can exchange up to 1000 CHF per day KYC-free (for now), which is what I’m going to do.

However, since I’ll be more heavily relying on peer-to-peer exchanges from now on, I’ll likely have my bank account flagged for receiving weekly payments from randos on the internet, making it fairly foreseeable that I’ll be losing my bank account in the coming months as well.

Fundamental rights violations aside, the amount of complete nonsense work – and with that costs – this system creates both for the Government and private institutions is absolutely astonishing. If there ever was a true bullshit job, compliance officer would no doubt be it.

It’s time we end the global discrimination complex inherent to the financial system in which we are all guilty until proven innocent, only to upkeep an inefficient system that is useless in preventing crime but formidable for imposing mass surveillance on the people.

So no, I will not "kindly assist you" in surveilling me, and if I die on this hill.

Until then, shill me your favorite tools to pay my bills in bitcoin 👇

Double check your 1000 CHF limit before you make a move to Switzerland. Last week I got a mail from my swiss nokyc-sat-dealer where it says that from now on the limit is 999 CHF for all payments within a rolling 30-day period. Which effectively means 999 CHF per month and not per day anymore. At least I read it like that, I could be wrong here...

Gm, gn and welcome back! Just wanna remind you it's very rude of you not having a working ln address anymore - where do we send sats now!? Sending likes is not much fun...

Still no lightning address? How are we supposed to zap your posts then? :)

Now THAT's a sight to remember! The green one designed to enjoy, the black one built to win and the orange one created to celebrate. Not at all bad for a thursday afternoon, chapeau AK!

nostr:nprofile1qqszwk3fha20mytuy0q7ts4tfja9slz53zgq2e8ktwzmf477je9vp4gpr4mhxw309a6k6cnjv4kzumt9wf4kcefwwdcxzcm98g6rsdpcqyd8wumn8ghj7mn0wd68ytnrv4exxct5wfhhvcfwd4jj7qfqwaehxw309ahx7um5wghx26tww4hxg7nhv9h856t89eehqctrv5hszkn2j8