110 sats \ 7 replies \ @DarthCoin 31 May \ parent \ on: The benefits of no-KYC Bitcoin | Freedom.Tech bitcoin
It doesn't matter from where you get your bitcoin. It doesn't really matter if you got some sats from a KYC exchange.
It matter if you NEVER go back to fiat.
It matter how you are doing a good coin control.
I wrote several guides about these aspects:
- ₿itcoin - Be your own bank, think like a bank
- Getting Started Stacking Sats Noob Journey
- From where can I get some ₿itcoin?
- ⚡ Lightning ⚡ Cleaning Machine
- ₿itcoin and privacy
- Operating with ⚡ Lightning Network ⚡ as a merchant
and many more on: https://darth-coin.github.io
These are all great guides. I have read many of them and practice a lot of the stuff already.
Still, doesn't the act of coin control imply that I have to treat the coins different depending on where they come from? And that with some coins I am more limited in what I can pay than with others?
Let's assume I have received some coins from an address that my government has banned. I would not be comfortable in paying my rent with these coins, as it would connect them to my real identity. I can buy something completely anonymously or I can try solutions, like coinjoin, submarine swaps, opening a lightning channel. But all the solutions still require that the counterparty accepts these coins.
As government pressure mounts, it is not unrealistic to assume that fewer and fewer counterparties will accept them.
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If a merchant will (be able) reject a tx from your BTC wallet because you obtain those sats from a KYC source or will require you to provide the source of those coins, in that moment BTC will cease to exist.
As government pressure mounts
FUCK THE GOV! Why do you need gov approval to use your own money?
Rebut ANY gov, they do not have any authority or jurisdiction over your own money.
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If a merchant will (be able) reject a tx from your BTC wallet because you obtain those sats from a KYC source or will require you to provide the source of those coins, in that moment BTC will cease to exist.
Yes, it is also but I believe. My point is, you seem to consider this scenario as very unrealistic? While in my view the trend seems to be more and more in this direction and that it something we need to actively discourage / fight against.
FUCK THE GOV! Why do you need gov approval to use your own money? Rebut ANY gov, they do not have any authority or jurisdiction over your own money.
I see your point. Again it boils down to the previous question of whether enough people are willing to accept my money. If this remains true, then indeed no government has any authority over my money.
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Why do you need a gov to rule over your money?
Build your local communities that will accept your sats.
Done. Fuck the gov.
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I don't need the government for anything. The question is if my community can remain invisible to the government / can avoid getting captured by it.
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Yes. Study UCC
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Thank you for the suggestion. Sounds interesting. I will study it.
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