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33 sats \ 0 replies \ @kristapsk 16 Jan \ parent \ on: Why I am moving away from Umbrel; tldr: Fungibility attack on Bitcoin bitcoin
It's not about KYC when buying, it's amount at which centralized exchanges must ask you to which wallet are you sending bitcoins, is it your wallet, etc. And AFAIK I can accept also same way for goods and services on a company, just write invoice / receipt, like with cash (which is kinda KYC anyway). But I might be wrong here in details. In any case, "travel rule" kinda does not affect payments between two non-custodial wallets and likely does not affect non financial institutions or institutions under MiCA. Then again, limits on accepting cash for legal entities in Latvia is few times bigger. When somebody finally will want to pay in bitcoins to my company, then we'll see. Some time ago one guy did presentation about buying real estate with BTC here, AFAIR buyer just needs to prove source of funds, that he had legally earned X amount, not something about specific UTXO from which you send coins.
needs to be BTC bought in reputable sources like Coinbase and Binance
That's stupid! Amount is small and they have your delivery details anyway. Some USA law requirement for them? It does not even reach new EU "travel rule" limits. I don't think I'm required to do any additional KYC to accept payments for goods and services in EU under 1000 EUR as a legal entity.
This is the final boss of broken linux booting :)
Pheh, you likely haven't used LILO loader, which used to be default for most distros, instead of GRUB.
Switched in early 2000s, from Windows 98 SE to Slackware Linux. Still use Windows sometimes, for example, now typing this from laptop running Windows 10, but all my other machines run Linux.
US faces Sweden in the QF and Canada faces a tough Czech Republic team.
No. US will play vs Switzerland, Sweden vs Latvia.
Yes, up to 30 minutes from pressing buy button. Unless you pay extra for higher fee instant onchain tx. Haven't tested LN yet, that could be instant. There are always tradeoffs. It was easiest way how to buy BTC for my legal company. KYC process took hours, not days or weeks.
As a private individual I would not use it, prefer HodlHodl and RoboSats there.
But for fiat on company bank account I want to buy directly on the company, otherwise I will need to pay extra income tax.
It's not custodial for BTC, when you buy Bitcoin it asks you for address of your wallet, where to send it.
He is bigger than FIDE. Previously refused to play World Championship to defend his title, because it's boring to him, didn't care. Even new world champion said he isn't best player in the world, he is second best after Carlsen, as he haven't beated him.
But it looks guy is inspired big by Bobby Fisher, let's hope he will not end the same way.