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100 sats \ 1 reply \ @Scoresby 13h \ parent \ on: What do you consider a fair premium to pay for no-kyc bitcoin? AskSN
Thanks for the thoughtful reply.
So what you can (and imho should) do is spread risk. You don't want all your coin to be flowing through the same channels.
This is very good advice.
And it seems to me that, as you say, the fair premium for non-kyc is probably zero, or close to it. Kyc-free reduces your attack surface, but I'm unsure by how much.
Imagine what you could do if you dedicated 8% of your stack on personal security. It is, at least, a trade off worth considering.
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102 sats \ 0 replies \ @optimism 13h
the fair premium for non-kyc is probably zero
Yes, or close to it. Also because that's what it should be - privacy is the greatest good we don't have.
Kyc-free reduces your attack surface, but I'm unsure by how much.
The only reason why I don't want to argue against tether-on-taro much is because long-term it could enable a proper chain into tether-as-ecash, which is useful for the majority of unfree people that need to DCA:
  1. "buy" USDT for cheap on an exchange for USD
  2. withdraw to taro
  3. LN bridge taro-USDT into an ecash USDT mint of choice
  4. nutswap for sats on robosats
Theoretically we could do this today by backing the dollar ecash with sats, but it would be risky to guarantee that peg and hard to get the rails in place to an ecash mint from a CEX. The mint would need a lot of liquidity for that.
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