No point to obfuscate KYC Bitcoin if they are American/jurisdiction with tax liability, you will have potential trouble down the road when selling back with KYC and paying taxes.
If they really want to scan their face for purchases they could buy a different crypto currency and withdraw to self custody and use a KYC free swap service. Though make sure to use a VPN or Tor.
nostr:nprofile1qqsgwj2rmdtuy3q572yj7y38sxlzr86usjck02merrevurvnn86yqncpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uzdmpld is good for this. Pick a non-BTC crypto that stack supports. Buy it on Exchange withdraw to Stack Wallet then use Stack Wallets inbuilt swap services to get Bitcoin.
Bisq 1&2 (both desktop applications available from https://bisq.network) will have some limited AUD liquidity, expect to pay 5-10% over KYC price.
Robosats has close to 0 posted AUD liquidity but I suspect if you bid 5-10% over KYC price, someone would get an alert and take it.
If you are based in Australia I would recommend trying to get to some in person meetups and build a network. Get to know people in the community. I'm sure once you've shown you aren't a fed, people will be willing to do some P2P trades.
I'm not a Lightning expert. Everything will have trade offs.
Wallet of Satoshi
Pos: Best UI/UX and as of yet no KYC
Neg: custodial (no privacy from custodians) and pulled from US App Stores
Phoenix
Pos: Pretty good UI/UX, no KYC, self-custody, can use own Electrum server, can use Tor, Splicing
Neg: expensive (min 0.4%), pulled from US App Stores, limited privacy from LSP
Zeus with Olympus
Pos: good ui/ux, no KYC, self-custody
Neg: limited privacy from LSP
Zeus with Own Node
Pos: absolute sovereignty
Neg: managing your own lightning node and channels
I don't care what anyone says
All the "bitcoin influencers" who focus their time and energy on KYC'd services (vs P2P exchanges and privacy solutions) are still fiat maxis
Bitcoin is both P2P cash and digital capital
But we cannot lose the freedom money aspect.
And it's 100% up to CURRENT HODLERS to hold the line and only promote KYC-free privacy respecting services
If you are relying on KYC'd custodial Lightning then your zaps are less free.
If no ID collection is performed, then the transaction is KYC-free.
Take care if you sell to a peer from your KYC stack. You could be accumulating a bitcoin denominated tax liability depending on your jurisdiction.
I will not let perfect be the enemy of good.
I have issues with buying and selling Bitcoin while explicitly tying your government identity to that transaction through a centralised entity, that will share all details with any government entity that enquires. Those records will be stored indefinitely and easily hacked in the future.
If you can buy or sell Bitcoin without handing over your ID then you've bought KYC-free.
Until my friend nostr:npub16dsu2ghu9yd363utyw7dejqc8rgx5ps7r4hxddrvx2x64dh73p7qqkh6vy pointed out it was most likely an algorithm that timed the denial, that thought hadn’t even crossed my mind! I love #nostr and #bitcoin! We have the smartest and deepest thinkers here! LFG!!!!!
nostr:note1jmuunuyh768sd0jwr2f8jgg32fj7auzzcnqvp4jd85rrdfsrpjyqysl48k
Similar heartless algorithms exist across all of industry. Remove human accountability and anything is possible. Here is a similar situation in the US rental market. They found some landlords weren't willing to increase rents on their tenants, so they packaged up an automated solution to avoid the distasteful interactions that can occur when you make your tenants homeless.
https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
Sadly, not everyone will choose to self custody their #bitcoin, and instead are choosing to gain exposure through owning ETFs, and stocks like #MSTR.
How bad is this for Bitcoin?
nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 & nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw weigh in on this question in BR089.
Sadly, not everyone will choose KYC-free #bitcoin, and instead are choosing to gain exposure through owning KYC'd Bitcoin.
How bad is this for Bitcoin?
Absolutely nobody will weigh in to discuss this.
If not enough independent entities/individuals acquire and use #bitcoin without KYC, it goes to zero. Your KYC'd Bitcoin goes to zero.
That's the game theory, bitcoin ownership must remain pseudonymous.
Man up and do your part.
It's easy.
#DontRiskItBisqIt
The timing on the denial is not a coincidence, an algorithm decided that was the optimal time to issue a denial to maximise profitability. Note that it likely had to be a computer program, as they find for some reason humans are less likely to make sure decisions, might have something to do with having a soul.
Maybe a notorised lawyer's statement attesting to your net worth in assets without divulging the nature of the assets.
But the Eurotrash Politicians told me the Nitrogen and Methane emissions from Livestock are causing Climate Change.
The EU want to ban their domestic farming businesses from operating at scale and then import the goods deficit from South America...
Bitcoin tax filing is becoming an even greater headache for the U.S. taxpayers in 2025, especially for the users of centralized exchanges:
1. The "universal method" for calculating crypto gains and losses is being eliminated.
2. Reporting will now be done on a wallet-by-wallet or account-by-account basis.
3. Centralized exchanges will issue 1099-DA forms, similar to the 1099-B for traditional securities. These forms will most likely be incorrect.
The safe harbor forces taxpayers to complete their 2024 Form 8949 gains and losses BEFORE the end of the year and BEFORE completing the safe harbor allocations.
More on this here: https://www.cryptobullseye.zone/blog/anchor-your-crypto-ship-in-the-irs-safe-harbor
They don't want you to transact or even. Custody your KYC coins.
Take the hint and get KYC-freedom Coins instead!
#DontRiskItBisqIt
Bitcoin tax filing is becoming an even greater headache for the U.S. taxpayers in 2025, especially for the users of centralized exchanges:
1. The "universal method" for calculating crypto gains and losses is being eliminated.
2. Reporting will now be done on a wallet-by-wallet or account-by-account basis.
3. Centralized exchanges will issue 1099-DA forms, similar to the 1099-B for traditional securities. These forms will most likely be incorrect.
The safe harbor forces taxpayers to complete their 2024 Form 8949 gains and losses BEFORE the end of the year and BEFORE completing the safe harbor allocations.
More on this here: https://www.cryptobullseye.zone/blog/anchor-your-crypto-ship-in-the-irs-safe-harbor
#DontRiskItBisqIt
Scarcity and Malthusian mindsets are a huge factor.
TIL that of the 780 prisoners who have been held in detention at Guantanamo Bay, only 16 have ever been charged by the United States
https://en.wikipedia.org/wiki/Guantanamo_Bay_detention_camp
#til #todayilearned
That was essentially the legal structure they used for Gitmo.
Under the Patriot act they could detain people indefinitely using almost no evidence or justification.
Once you had to put together charges, then you had to start showing evidence and reasons for the detention.
Gitmo was mainly used for extrajudicial information gathering via advanced interrogation techniques, not to detain deadly terrorists.