121 sats \ 4 replies \ @bitalion 10 Sep \ on: Does kyc really matter if I don't plan on having an exit ramp bitcoin
I agree with @DarthCoin, and I tell you more every time you buy Bitcoin on a centralized platform where you have done KYC, you are staining those coins forever (unless you do a coinjoin). Many people think that if they move their coins to a lightning service they have already solved the problem; but what would happen if someone else used those coins in illicit activities? You no longer have them but the last associated identity is yours, you may have a bad time (I'm speculating). That's why it's best to buy BTC on platforms that don't ask for KYC, I repeat it's a bad privacy practice and as it says @DarthCoin that information can fall into the wrong hands You can use these platforms https://hodlhodl.com https://learn.robosats.com/ https://lnp2pbot.com/index.html
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121 sats \ 1 reply \ @joda 10 Sep
You can't be prosecuted for a crime you didn't commit. It's the same with dollars-- if you at one time owned a dollar (or a car, or a hammer) that was later used in a crime, you are in no way culpable.
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0 sats \ 0 replies \ @Recongraves OP 10 Sep
I would agree with this line of thinking. Just trying to figure out what the actual persecution of on chain analysis would cause. They can't stop me they can't stop me what does their knowledge do for them?
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0 sats \ 0 replies \ @Recongraves OP 10 Sep
Saved all the websites checking it out. Is there a difference in between having one hardware wallet with kyc and one hardware wallet with not if I send non-kyc to a hardware wallet with kyc does that compromise the non-kyc coin
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0 sats \ 0 replies \ @Recongraves OP 10 Sep
So does this mean over time the majority of the coins will be stained if the American public decides to jump on heavy with the adoption and only use kyc.
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