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KYC is the illicit activity.

Thanks! Interesting how the "Sum of each UTXO values" stays quite constant.

So if you have let's say 20 UTXO which you didn't spent from you just do 20 separate transactions after one year at the same time? Isn't it very obvious that the transactions come from the same wallet? Also it's 20 times the transaction fee in the future which is very uncertain, right?

Replying to Avatar waxwing

Trying to investigate Liana https://wizardsardine.com/liana/ and I'm having a rather typical frustrating experience. I come to their website wanting to know the mechanisms they use for vaults and inheritance setups. Scrolling all over the page I find a number of things that look like buttons but I can't click. There are several download links but .. where is the description of how it works? Ah, we have "LEARN MORE ABOUT LIANA", that must be it, right? Nope, links to the next section down the page. Etc. Finally in desperation I choose "support" from the top menu, and, ah! Now we have it right? "Guides", "Resources" and "FAQ". But the Guides are videos on setup, the Resources are video presentations at conferences. And the FAQ is as expected just brief answers to non-technical questions. At this point I *half* give up and load up the github, but at least on the main repo I found no docs that explain the basic mechanisms used, so short of spending a couple of hours reading the code, I still have no idea how Liana actually works, at least, not from *their* web presence.

For context, I think I actually understand how their inheritance mechanism works, just from reading phrases in a couple of places describing it in words. But why is it so hard to find definitions or examples of their scripts (miniscripts w/e), let alone detailed technical justification.

My big question with Liana: How to handle the UTXO rotation that needs to happen at least every year? Especially if you have a bunch of coins you don't want to consolidate because of privacy reasons.

Replying to Avatar HODL

Very comfortable.

Timelocks and decaying multisig are the future of custody.

Anchorwatch is on the cutting edge and nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw is a genius level app dev.

I’ve already seen the tech and played around with it and it’s truly the next gen of collaborative custody. nostr:note1vfag7d0v23547s8sglnu6w49r9e42rvxg8ag99r2xfxn8tush2aqp50dlh

Any ideas on how to handle the issue of UTXO rotation if many coins and don't want to consolidate because of privacy?

Ich spreche nicht von Custodial vs. Non-Custodial, sondern von KYC vs. Non-KYC.

Aber ja, die Coins sind bei Pocket genauso KYC wie bei Coinbase. Wenn Vater Staat anklopft, werden die Daten herausgegeben. Beides sind Unternehmen, die nach staatlichen Regeln spielen.

Ganz abgesehen von möglichen Hacker-Angriffen. Hier ist Pocket vielleicht sogar leichter zu knacken als Coinbase. Was denkst du was passiert, wenn diese Listen in kriminelle Hände gelangen?

Was bringt es, wenn "Menschen ihre Coins selbst halten", diese aber KYC sind? KYC Coins sind der Traum von jedem übergriffigen Staat.

Viele dieser Menschen treffen diese Entscheidung nicht bewusst, da ihnen diese Information fehlt.

Hier könnte Einundzwanzig (und die Personen dahinter) aufklären, dass KYC Coins ein sehr großes Problem sind, erklären warum dies so ist und Alternativen aufzeigen. Das ist natürlich unangenehm, wenn einer der Vereins-Sponsoren ein KYC Service ist.

"Steuern sind Raub" und "KYC = FIAT".

Verstehe Markus Argumentation ebenfalls nicht. Auf der einen Seite Gleichgültigkeit gegenüber dem Beispiel Regulierung (Pocket, MICA und KYC) und auf der anderen Seite das Beispiel, wie er dem Spruch "Steuern sind Raub" Reichweite verschafft hat.

Hier liegt eine große Chance wie Einundzwanzig ihre Reichweite nutzen können um auf die Gefahren von KYC hinzuweisen und immer wieder zu wiederholen "KYC = FIAT".

Auf mich wirkt es allerdings so, dass hier ein Interessenkonflikt (Sponsor Pocket Bitcoin) im Weg steht und somit das Thema regelmäßig unter den Tisch gekehrt wird, wie auch in diesem Interview.

YouTube is getting really annoying. Let's hope there will be more people soon post their videos on Nostr directly.

"Firefish allows BTC owners to get fiat money without asking them to sell their bitcoins only if they KYC their coins." would be more accurate. If you KYC your coins you don't need Bitcoin and Bitcoin doesn't need you.

This might actually be a great marketing idea for Bitcoin companies. Zapping plebs on Nostr to reach their target audience. #bitcoin #nostr #zap

nostr:note1yaquaz2m9u3uvql3sgz2edd6r6xjnk3g8f3mttmquree62h4u67sunhgmw

It worked, thank you very much!!

Hi Nostr, this looks like a lot of fun! #nostr #bitcoin

P.S.: Can someone please send me 1 satoshi just to check if the wallet setup works?