Can Chainalysis tell the difference between funds used for humanitarian aid and funds used to finance terr*rism?

I guess we will find out 📨

KYC is an attack on bitcoin.

People who have been in bitcoin for an extended period of time should make the extra effort to buy P2P and reject using KYC exchanges.

Where are they?

How so?

Turning Bangkok in to POP #art ✍️ #artstr #siamstr nostr:note1dfdpp9a4lwmtheff0xd95584d3gml9qyt50f2k96gxe6qzz2h6uql8vand

Panem et circenses

This might be a hot take, but I'm pretty sure that watching sports makes you stupid. Or it least lowers your IQ temporarily. Definitely see an uptick of stupid shit on sports days.

The concern is that most methods of trading fiat to Bitcoin on P2P DEXes are KYCed and could easily be forced to restrict transactions in that manner. Aside from cash by mail (which is immensely risky), it'd be difficult to implement a truly uncensorable means of buying Bitcoin through a DEX.

I don't know what bitcoin bros hate so much about monero. It's the best way to spend crypto. Save in bitcoin. Exchange to anonymous monero and buy things with that for privacy.

Genuine, non-hater discussion topic incoming.

Bitcoiners like to say that Bitcoin is fully uncensorable, that governments can't fully take it down. The problem I see is that even though the *technology* can't be taken down, the means by which people can enter into using said technology can easily be cut off, and not just via KYC. While there's still the peer-to-peer aspect, that also could easily be targeted through surveillance, and unless people start to become fully anonymous (not realistic for most), that's not something you can stop.

On top of that fact, there's a lot of KYCed Bitcoin out there, and the problem with that is that if it's KYCed, it makes it pretty trivial for governments to surveil wallet addresses and transactions.

In this way, wouldn't it be wiser to use a privacy coin if you're okay with KYC? Also, if the legal system ever decides to make it virtually impossible to obtain Bitcoin and you're going to go the route of "privately" obtaining it, then you're not going to get very far if they can surveil all of that information.

To reiterate, I'm not a hater, not by a long shot. Aside from my personal issues with KYC keeping me from buying, I believe in the technology, and I think it's got some serious potential to be the basis for economic change. I'm also not specifically a Monero guy, even though I think that it has some MAJOR benefits. But the problem with Bitcoin's lack of privacy, as well as the fact that KYC is virtually unavoidable, make it hard for me to believe in the maxi opinion that Bitcoin is completely unstoppable. Again, I do agree that the technology itself can't be shut down, but if you can't legally obtain it and you can't truly obtain it privately, then I don't see how it's unstoppable.

Just some thoughts I had. I'm genuinely curious what some of you guys think about this subject.

#asknostr #Bitcoin #privacy #Monero

maxis today are pathetic. they don't know what fractional reserve banking is and what kind of a problem it is. if they did, they would shut their stupid mouths and stop doing premature victory laps.

Gonna forgo graphical environments entirely and just work in command line from now on. Holy fuck. 😅 not really but also wtf.