100 sats \ 2 replies \ @frostdragon 8 Mar \ parent \ on: Stacker Saloon
My cynical thought about KYC is, if someone wanted to track you down via anonymous transactions, they probably could anyway. Especially at the nation state level. True privacy on the internet is almost impossible.
There are multiple ways you can "lose" your bitcoin in the future if you need to.
We should not consider this as a purely personal point or advantage. It's also about the chain as a whole. The more non kyc coins circulate, the better for everyone in terms of privacy and censorship resistance.
In fiat, if everyone ditches cash money for convenient cards, that opens the door to a 100% controllable money network for the government. Make it hard on them, use and promote the use of cash money and p2p bitcoin.
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Yeah like giving it to scammers like I did.
Or screwing around with wallets or force closes on lightning
Sats always be getting lost!
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