I would pose a question to you that if the overwhelming majority of exchanges use primetrust for their reserves, and primetrust is responsible for their own kyc / aml, what happens when primetrust refuses to serve you? this level of centralization at the exchange layer is inherently bad for bitcoin as well as dangerous

here’s a great write up from #[7] https://www.discreetlog.com/kyc/

i wasn’t strong enough 😭

here’s swan’s marketing friendly explanation -> https://help.swanbitcoin.com/hc/en-us/articles/360050513913-Who-is-Prime-Trust-

swan is simply a reseller for primetrust. they’re a centralized bitcoin seller which exchanges like swan and strike resell for for. when you withdraw from most primetrust services, you receive your bitcoin from a primetrust wallet and not from the exchange itself

i think there’s a place for exchanges like swan in the grand scheme of adoption, being that your grandmother isn’t going to use bisq. however, experienced bitcoins should never use these services. not in a world in which p2p exchanges exist

it doesn’t matter. they still dont actually sell you bitcoin. they’re a marketing front end for primetrust

strike, swan, etc aren’t your friends. they don’t hold their own reserves and all rely on the same centralized entity, primetrust. this is totally antithetical to the ideas of bitcoin and should be avoided. check out bisq and start buying p2p

friends don’t let friends kyc

my thoughts exactly, until we actually get to block 888888 at like 3am and i pass out long before and say the same thing about 999999, the circle repeats

+1

staying up late for 777777 is too rich for my blood

I launched a paid relay that’s gated behind a nip-05 service that I’ve been working on for a month or so. It’s going to demo a whole host of new interesting features

make it your legal first name

i genuinely think we can be doing so much more with relays. imo there's a lot of low hanging fruit for functionality and single-payment paid relays are just the very tip of a really big iceberg.

i'm amped to launch some of this stuff i've been working on

i've got so many irons in the fire for new nostr tech and features right now

gm to you as well

more broadly, ssl

i hope you’re exercising and eating right