There is a LOT of talk about KYC on Nostr.

And how to avoid it.

I used to be involved in financial services.

Choosing to invest in a literal audit and hoping for privacy...is mad. Can it be done? Yes. But it's very, very hard. You have to get in under the radar, and then OUT.

OUT is the hard bit. At scale, it's essentially impossible.

If you really have to worry about KYC, you shouldn't be looking at BTC. It'll end up in stranded wallets, full of money and everyone watching to see where it goes...

You just set your wallet up. Electrum, for example. All it takes is a seed.

The real issue is that you are confusing an actual audit trail with something that allows privacy.

BTC is designed to be transparent. You can only be private if you can maintain privacy going in, AND coming out.

And it's second that is really hard. You might solve the first by giving friends of yours cash for BTC, and maybe stash $20,000 over a year. But when BTC goes to the famed $1M, every exit bigger than groceries has a reporting mechanism.

Best thing, relax with the KYC. Only serious crims need to be that paranoid. Focus on the soundness of the money.

Your gentle reminder that they who take on unlimited liabilities end up letting people down, and/or, going bust.

A rich man could go bust even just returning funds. Charges on lightning are low, but are a thing.

Use honey instead of sugar when you bake a fruit pie.

That sort of thing? :-)

Ayn Rand is all very well, but her philosophy does rather assume that sewers just magically appear :-)

Feature Request : Poetry Block. Guys, I read John Donne and Ogden Nash, and others and please, please, NO MORE NOSTRIAN ENCOMIA.

I'm begging. BEGGING.

Gentle reminder to self.

There's a whole bunch of Americans here and it's just their little way to bring God and Jesus into everything, it doesn't mean they are some kind of fanatic fundie.

Though how they can reconcile both stacking sats AND actioning Matthew 19:21 is a mystery most deep:-)

For those looking for paid relays, wss://nostr.naut.social is very

Is there a word for when your main type is leaving words out.

That has to be my most common typo

2035? With my stake? Retire to a quiet playing drums and shouting at seabirds. And still be arguing that we should rejoin the EU.

Normalise sending 5000 sats when Nostrgram does an upgrade.

Honey is crumble, yes.

Mad. Nah. Checks notes, I live on a boat, started my first business with under £1000 and have driven on a beach at 80mph in an old ford escort. Oh, possibly.

Nostr Bechtel test

Two people, of either sex, talking about ANYTHING EXCEPT BITCOIN.

Have we passed yet?

When evilcute makes the dictionary, I want my name attached.

It does. And one should always remember one's old friends from - checks notes - 6 weeks back.

It's mad here isn't it :-)

Damn, low on sugar for the apple crumble.

Tries honey.

Will report back soon:-)

Cats are hiding in boxes as we speak, waiting to LEAP out as soon as we think Nostr is safe from their evilcute empire

I still use astral.ninja. Great profile editor and really good at DMs

Sadly, no. I hired someone.

I have been trying to one since then but I have run aground in the madness that is Ubuntu linux.

I got as far as the tmux but after that, too many gaps.

Next one will be a hands on show me with a friend who was like "you should have asked me, it's my day job". NOW he tells me :-)

Intergenerational Wealth Buffs : Your gentle reminder that it's clogs to clogs in three generations.