11 sats \ 14 replies \ @sethforprivacy OP 30 May \ parent \ on: The benefits of no-KYC Bitcoin | Freedom.Tech bitcoin
Unfortunately that's just false, as Bitcoin is not fungible. The history of every coin is transparent and visible, so your purchase of Bitcoin via KYC necessarily has a tie between your ID and your subsequent on-chain activity.
no-KYC bitcoin is far more useful and freedom-preserving than that purchased via KYC.
write
preview
221 sats \ 7 replies \ @DarthCoin 30 May freebie
I just gave you 1 sat for this comment, using a UTXO from a KYC exchange. Please find my IP, address and my real identity and the original UTXO of this 1 sat.
Please give me a break with this bullshit crap of "non-KYC Bitcoin".
reply
10 sats \ 1 reply \ @sethforprivacy OP 30 May
That's not how this works lmao.
You sent me sats on a custodial wallet from a custodial wallet using Lightning.
The issues with KYC are detailed in the article, which you don't seem to have read. A receiver being able to tie your identity back to your funds is only one of many issues and risks.
reply
100 sats \ 0 replies \ @DarthCoin 30 May
You sent me sats on a custodial wallet from a custodial wallet using Lightning.
Does it matter? No. Or you now says that sats from a custodial account are not the same sats ?
I could pay also a zap on SN from an anon wallet (external wallet) that have nothing to do with SN account.
OK, please send me an invoice of 100 sats. I will pay it from any other LN wallet. Apply the same.
reply
0 sats \ 4 replies \ @BlokchainB 30 May
Strong example here. Let’s see what the response is!
reply
0 sats \ 3 replies \ @rizzling 30 May
deleted by author
reply
100 sats \ 2 replies \ @rizzling 30 May
correction: lets find him xD
reply
71 sats \ 1 reply \ @DarthCoin 30 May
I am cyborg remember?
https://i.postimg.cc/x8B5j8zz/Darth-laugh.gif
reply
0 sats \ 0 replies \ @rizzling 30 May
maybe we both are the same entity. are we even humans? :P
reply
10 sats \ 0 replies \ @coolstacker 30 May
That's a privacy problem. Not a fungibility. Fungibility is when all the units of the system are equally valuable, which is true. Every bitcoin can be traded with $68k, or its respective exchange rate in other currencies.
reply
0 sats \ 4 replies \ @machuPikacchu 30 May
What is your opinion of the silent payment proposal [1] (BIP 352)? Suppose that becomes the default/preferred method of receiving bitcoin. Can that alleviate some of the concerns around exchanges tracking where the sats flow?
  1. https://gist.github.com/RubenSomsen/c43b79517e7cb701ebf77eec6dbb46b8
reply
110 sats \ 3 replies \ @DarthCoin 30 May freebie
That is another story, is good but have nothing to do with "KYC vs non-KYC bitcoin". I will repeat: if will exist such thing, Bitcoin will cease to exist.
reply
0 sats \ 2 replies \ @itsMoro 30 May freebie
are you saying kyc on the btc protocol level vs. kyc on a govt jurisdictional level, essentially?