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Thursday 5∞
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Replying to Avatar soulexporter

I lurk on Twitter to see what goes on there...

Saw few comments of extra KYC on KYC exchanges (letters for more information).

#randomThought (or maybe personal conspiracy theory) of the day:

This is a circumvented Attack vector on P2P trades. They are going after P2P exchange inflow πŸ€”.

Take a look at for example the top traders on P2P exchanges. There are a bunch of people with random trades, and then there is a bunch of people with a shitload of trades.

In my simplistic mind, what if those are people that take money off exchange, put it up for P2P trade. They have a nice % and the buyer has a stack that isn't directly connected to him in a honeypot DB at exchange. Win/win.

So if they can cut that short (by simply making it harder, not straight out forbidding), the "pro p2p onramper" will take more care/increase the premium to mitigate the risk. While those that are willing to sell will think twice before putting those SATs on P2P exchange (rather checking if there is not a closer contact interested) or go for that higher premium as well.

In short the premium goes up, and some more buyers will go faster to the exchange rather than paying the premium πŸ€”

When that demand can be taken away at the (KYC) exchange, it becomes a lot easier to manipulate the price πŸ˜Άβ€πŸŒ«οΈ.

The KYC exchange doesn't care, they hope to get those P2P trades over to them.

BlackRock and co wants to have first pick via OTC offers and can easier flood or drain exchanges.

The derivative exchanges will also love the washing out of leveraged trades.

The central bankers will argue Bitcoin is too volatile,.so they are happy to keep that shit argument.

Not that I am saying it will work... I just think it will push the Sat economy πŸ€”

Pleba will rather spend SATs for goods/services than jump through the weird KYC hoops. There will be a flood of people trying to create a business that sells goods & services for SATs, and it might be a great investment where all you ask in return as intrest/dividend to be the first one they reach out to when they need to exchange some of those earned SATs to fiat,... Or that they consider hiring you for SATs πŸ«£πŸ˜‰

That or short squeeze.

Now seriously. Learn poker, it could save your life one day.

You want to make me angry and get my sats, aren't you?

Meme harder boys, for memes are stronger than you imagine.

I was beginning to think the reference was too obscure. πŸ˜…

This is how Big Corps are going to get your bitcoins. It's kind of obvious really.

Pro tip: Don't feed with your fears the ones trying to trigger you.