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552 sats \ 18 replies \ @DarthCoin 10 Sep \ on: Does kyc really matter if I don't plan on having an exit ramp bitcoin
If you stay in Bitcoin and never go back to fiat, nobody can come to you to say what you did with your own money. Is not their damn business.
KYC is only for fiat not for Bitcoin.
KYC apply only for fiat.
KYC is mostly done to milk data from people and use it with 3rd parties. very few times govs go to check that data.
KYC is dangerous because your data will go to unknown hands and who knows what they are doing with. So that's why is good to avoid it as much is possible.
The best way is to earn in BTC, spend in BTC, save in BTC. FUCK FIAT.
I completely agree btc's my main saving vehicle. But I will never go back to the paper. Currently trying to find a way to attach lightning to my business. Also setting up a miner not a great one but it something. Node coming soon. What do you think is the best lightning wallet in the US for Android. Having a hard time finding a quick one for people to download that's simple
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Start reading my Bitcoin guides: https://darth-coin.github.io/
You will find all kind of info for merchants
best lightning wallet in the US for Android.
There's no such thing as "best wallet". Read #583496
There's no such thing as "wallet in the US for Android"... are all Bitcoin wallets, wherever you are.m Bitcoin have no borders.
You can categorize wallets by their features
or by how users are "climbing" the ladder of them
or by 4 main categories
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I understand.
I have people interested but normally only if they can on board as quick as possible.
I don't necessarily like this due to the load time preference of BTC which I have.
But if somebody wants to pay me or add them and they need to download it within 2 minutes to run the app.
I'm sure you covered it in the link you sent me reading it now
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But if somebody wants to pay me or add them and they need to download it within 2 minutes to run the app.
coinos.io or walletano.com - not even need to install anything, no KYC, no bullshit.
But then after that must climb the ladder to a self-custodial one...
Read more in my guides, you have all you need there.
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You guys are the best
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Thank you so much for the help it's much appreciated does this mean the kyc coin on my hardware wallet compromised meaning that I have to get a new hardware wallet and or wipe the wallet to use a new address in non-kyc. Does this my lightning wallet on Phoenix is bad too
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No. Don't do anything. As long as your BTC are in your own custody with a hardware wallet, you have nothing to worry.
Does this my lightning wallet on Phoenix is bad too
No. Why do you think is bad?
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I appreciate you taking your time out of your day to reply. It is absolutely breathtaking how amazing the Bitcoin community is with support and guidance. Thank you all
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I'm just trying to understand the stained metaphor. For instance I've been looking at telling a story using the op return as an attachment is this how they're coding the kyc into the coins
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Regulators might decide for example that coinjoined bitcoin are not recognized by licensed Bitcoin service providers.
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licensed Bitcoin service providers
what a bullshit. Regulations are ONLY for fiat businesses, not for Bitcoin.
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I don't understand what you mean by service providers. Is there something I'm not understanding that will physically stop the transaction from going through from another person that wants it
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Bitcoin will work but they might decide to close your account
Thank you so much
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