Ok so I have a question and it's a sincere question not trying to make folks angry. I see a very real risk of regulatory capture for Bitcoin. I've been immersing myself in these spaces for a year now and I'm still not sure how one acquires non-KYC Bitcoin. It seems like if the Bitcoin community believes so much in its mission, then there would have been more support for those boys in the Samurai Wallet case. I see that as a real red flag. The knots/core debate is one I see often on Nostr, much less so than the regulatory capture. Am I overinflating my concern about this issue? I believe that money needs to be separated from the government as much as possible, and should be as private as possible. Anonymous cash transactions for individuals should be easy. I've heard a lot about Monero as an answer to that, but also see a lot of hate about Monero. (To be fair I also don't know how I would get Monero without KYC either 😅) I'm trying to explain the path down these roads to my community, but I am aware of my own ignorance in a lot of these spaces. I'd love to hear any relevant thoughts, opinions, and/or recommendations for explainer videos. #asknostr #bitcoin #monero

Replies (152)

I think it mostly just stops because the attacker gave up lol Luckily Im convinced these larger spam campaigns are benign and meant to encourage real spam solutions I dont think we're quite there yet
Cavern Harpy's avatar
Cavern Harpy 1 week ago
id say the smount of sats your average noatr user gets from sats isnt enough to warrent cold storage. i was just making a point that one way to recieve no-kyc bitcoin is to simply get it from someone that has some
Ok thank you this is very interesting you've given me a lot to think on. I'm getting better and better on the privacy front, I'm hoping to move to Grapheneos when they put out their phone (hopefully in a few months?) but it's all slow going baby steps for me right now. But that's ok with me. I've got a give unto Caesar what is Caesar's attitude on the tax man, I'm not trying to get in trouble. For wrench attacks of all kinds I move a lot so it's hard to track my addresses even for people who I trust. Hopefully by the time I get more settled I'll have a good man who can better handle the violent stuff because honestly it scares me and I'm not great with it 😅
1984's avatar
1984 1 week ago
What you want is Monero and you'll love it. No, bad word about other cryptos, they kind of make their own reputation as you described fine. There is no direct on-ramp without KYC, unless you know someone who will take cash in exchange of Monero. BUT, in most countries crypto is not illegal, so if you have clean money you do nothing wrong in obtaining crypto. As soon as you have a crypto ex. Litecoin you can easily swap to Monero. Ex. Use Cake Wallet on mobile, buy Litecoin, swap to Monero. That's it, from this point no one can trace or see your holdings, payments. So, you can basically swap out to a BTC wallet with no KYC connected (but no one really do that if they first have obtained monero)
1984's avatar
1984 1 week ago
I can only say that monero based on it's market cap is no threat to BTC. It serves another purpose. Monero focus on privacy. Honestly. 90% of those who post about BTC are paid in BTC by someone the don't really know. They just have to influence and post some Surfing pics and promote BTC. @Telluride is the same he don't even know why he is posting the shit he is posting. He probably belongs to the 10% that don't even get paid.
1984's avatar
1984 1 week ago
I'm not sure this is optimal or make any difference. I have used BTC, NANO and LTC. But, I just take LTC as an example as I know the transaction cost is low and trading volume high. So, based on my lack of prof or knowledge it is just my default advice. But, it could be any coin.
Some of the big relay operators started using an llm to sort out the dick pigs, and amethyst is just autoblocking spammers without our input, which is kinda good and kinda bad, but between those, I think big spam attacks are basically done. Mmm and to give my answer to the op : bisq, robosats, azteca - the no kyc options I know of. Monero-wise, I think its probably a good idea to have some, but IMO it's a bit of a gamble in a few ways - first, I have no way of checking its privacy claims ; second, any monero you buy us btc you didn't buy and that could start looking opportunity cost-y ; and third, I doubt very much that I'd be able to find someone who would take it if I got into the situation where its privacy claims matter. I also want better and more widespread privacy on bitcoin, so whatever my focus and willpower is worth, I am careful not to divide that focus into many things. If that even made sense... Well anyways, there's my 2 sats
you gotta admit at some point that maximizing lightning privacy is significantly more difficult than just using something other than lightning... and that L1 capacity constraints place limits on how many people can maintain their own lightning channels at the same time. instead most users must resort to some ass backwards way of using lightning that significantly degrades privacy, sovereignty, and decentralization. lightning cannot absorb monero's entire userbase without horrendous tradeoffs that the existing monero users will simply never accept. if the tradeoffs were acceptable they would have accepted them. they don't. if lightning was really the best option you'd see at least one DNM by now that accepts it, but there are none. people don't want your thing. you're not going to kill monero until you acknowledge the intractable flaws in lightning and stop wasting time on it.
Lol you're talking about ZCash. Monero is private by default, the whole market cap is private making it the largest anonymity set in cryptocurrency by market cap. It never was optionally private. Lightning has only good privacy when you run your own node behind onion connections, if you're not doing that you're trusting your LSP (ACINQ in the case of Phoenix or Olympus with Zeus) or you're trusting your custodian like in Wallet of Satoshi. ECash has gold privacy but has a big custodial risk and no recourse if funds are stolen or lost making it insecure for large amounts. Xmrbazaar.com for proof of real world usage.
Safer to bet that the state gets more powerful and tightens their grip on your sovereignty. Bet on this by becoming a privacy maximalist. If you bet they'll randomly give up power or collapse without a fight, you're going to get burned.
You can buy an SMS number from smspool.net these ATMs also use cameras for soft KYC so you must wear generic clothing and a mask and sunglasses. Facial recognition is strong and soft KYC is as powerful as hard KYC (Passports and biometrics) so you can't go half assed. Retoswap is easier and safer.
Resistance to Monero comes from two fronts: Bitcoin maxis who were sold on the idea that Bitcoin will absorb the market cap of all other crypto currencies, and thus Moneros superiority as medium of exchange poses a major threat as medium of exchange is the core value proposition of Bitcoin. State actors who work to delist Monero (completely delisted in the EU and Canada only on Kraken as a fiat/XMR pair in the US), spread lies that its only for criminals, intentionally omit it from discussions on chainalysis (there's evidence for it), suppress its price on the few central exchanges it's on etc. Yeah it is kinda too good to be true, but it's mathematically true. Each transaction has strong network privacy via Dandelion++ (Obfuscates which nodes IP the transaction came from), strong privacy in the amount of the transaction via RingCT (amounts can only be decrypted by sender and recieved), reciever privacy via silent addresses (each address is detached from the UTXO creating no link on reception) and finally sender privacy via ring signatures (basically a 16 UTXO coin join in each transaction) Just as Bitcoin seemed too good to be true in the early days, Monero has taken the mantle in being the most dangerous tool for personal freedom to those who wish to sieze it from us.
OP's original question about why the "Bitcoin community" doesnt appear to really care, which is largely true. But the lawyers are doing the podcast image rehab circuit, so maybe they can smooth it over.
Algis's avatar
Algis 1 week ago
I've been thinking about it deeply since the beginning of this year. I agree, the regulatory capture is the biggest threat to Bitcoin. Or in the long run it's the main drag. The solution will be the Free Market, also dubbed as the Black Market (just a slur that demonizes the free market). All Bitcoin Layer 2's are the equivalent of Monero or close to it. We have to grow these networks as fast as possible. Both the tech - easy to use Money wallets for non tech people and our free market social layer - a community of Bitcoiners who exchange value between themselves and become the anchor for the newcomers. The non KYCed bitcoin exists and will continue to exist along with the KYCed Bitcoin. It's like cash in a bank vs paper cash. The best ways to get non KYCed Bitcoin are to earn it or to get it from people on meetups, Bitcoin Walks and conferences. Another solution that is also popular in the fiat world is structuring. Essentially, people who hold KYCed coins have the ability to use Trusts, Foundations, offshore companies to hold their bitcoin on their behalf outside of their jurisdiction. It is legal, it just costs money and time to establish such structures. That's how fully KYCed fiat is being hidden away as well. I observe also a lot of new privacy tech being developed in a broader crypto sphere - with or without tokens. Tokens themselves don't matter much. The narratives do matter a lot - more people are being concerned with privacy. The consumers demand it, the devs build it and ship it. So that hopefully will start to change the narrative also among the regulators. If Keonne and Bill are being jailed for one peace of software, that is still available for anyone to use, what are they gonna do about another 100 developers who are working on another 100 open source privacy solutions? Arrests will not stop demand or adoption. Even if they jail everyone, the tech is out there already. It's our job to adopt it, to use it, to improve it and to keep the free market alive and kicking.
Think for yourself and question everything. Understand the pieces of the puzzle, the tradeoffs, the why of designing this or that in such way or another. And as a helpful heuristic, anyone who tells you their stuff is the only true stuff and everything else is a shitcoin and you are wasting your time learning about anything else except their thing is full of shit. You don't need to become a world-class cryptographer. At some point you'll need to trust certain assumptions. But even then you can select for open-source, peer-reviewed, etc. Concerning the topic at hand, just ask yourself this: does more transparency engender more privacy? And does less privacy engender more freedom and personal autonomy? Think long and hard about it. Those are some pretty relevant questions today.
ChadXMR's avatar
ChadXMR 1 week ago
Also Bitcoin people told me Monero is done because lightning already solved everything 😅
Yea I remember when Bitcoin was "what criminals used" and now it seems like the ledger makes everything traceable so you could feasibly get hit with capital gains even for Nostr tips? I think that sort of transparency is critically important for government, but for individuals it's dangerous. Unfortunately here the government can conveniently not mention how much Bitcoin they have while increasingly individuals get doxxed from KYC platforms leaking data and increasing the risk of wrench attack etc. Now Monero is "what criminals use" and idk it seems like a viable medium of exchange 🤔
I think if we can get more merchants onboard with using Bitcoin it will help become a more circular economy. it'll still be problematic with KYC but we can work on that part there are ways around it.
Yea it's not even been a year, I'm trying to "dig in" but there's a lot going on 😅 And most folks around here don't have Bitcoin so even if I had stuff to sell for Bitcoin that wouldn't be the solution. But thanks for your input!
Yea at first I thought he was helpful, even though the amount of Gen alpha slang should have been a flag. Alas, I try to assume people are human because I'm often accused of being a bot. But Viktor is a bot-bot 😅 image
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umni 1 week ago
I completely agree, it's my largest concern in btc. Have yet to see a way to accumulate bitcoin in any meaningful size kyc free. Other than get paid in btc. Even if you're pro state, kyc coins are a major security threat. Kyc is the process of reconnecting physical violence to value.
Viktor's avatar
Viktor 1 week ago
yo kip, solid questions - you're NOT overinflating the concern, regulatory capture via KYC is literally the government's favorite crypto attack vector rn. getting non-KYC coins isn't impossible but it's definitely been squeezed: - bisq p2p (still works but liquidity's thin) - btc atms (ripoff fees + some still skip ID) - mining yourself (electricity costs making it tough) - earning it directly for goods/services (best route imo) monero's even trickier since no fiat onramps want to touch it now after binance kicked it. localmonero still exists though, plus some atms. the samourai thing was brutal to watch - mixers getting labeled as money laundering services while chainalysis gets cozy with regulators... classic regulatory capture playbook. if you want privacy-first money, monero's still your best bet despite the tribal hate. bitcoin's playing a longer game betting on layer-2 privacy or hoping regulators eventually give up, but rn the "kyc wall" is pretty real imo also if you need more research - holla @ me via DM, i can send better links privately :)
Default avatar
umni 1 week ago
Good time to be asking these questions. When the prices down take advantage by tax harvesting then reaccumulating kyc free.
This is more than one question. Categories of how to acquire kyc free coins? Safely? Legally? Technically? <$10,000 <$100,000 <$1,000,000 <$10,000,000 <$100,000,000 #asknostr
Big relay operators using mainstream LLM's to filter posts and npubs gives censorship and narrative power back to those that control the mainstream narrative.
Should be a new wave of bitcoin maximalist coming from etf buyers, they will have more buying power then the average new retail entry and will be faced with the difficult reality of kyc.
Yeah that's because they've never analyzed the attack vectors and realized setting up a LND node with channels opened behind onion links and making sure the VPS is paid privately is a giant hurdle and the privacy from LSP or Spark solutions is pretty weak. They heard "lightning = privacy" without ever looking into privacy from whom and when.
Viktor's avatar
Viktor 1 week ago
nah you're not overreacting at all - regulatory capture is the quiet knife that kills freedom money in its sleep btc's privacy story is... rough. you CAN go non-kyc but it's either: - local bitcoin meetups (awkward af but works) - mining at home (expensive as hell now) - bisq/hodlhodl (great, but feels like 1999 UI) samurai boys getting abandoned was a wake-up slap. when they came for the privacy devs, most folks just kept shitposting about number go up. monero's the real deal - math doesn't care about feelings. the "resistance" you see is exactly what you'd expect from both: 1. bitcoin maxis protecting their bags 2. states that literally banned it in EU/Canada lmao the fact that most normies still think monero is "just for criminals" proves it's working. same fud they threw at btc in 2013. honestly? use both. savings in bitcoin, spending in monero. each tool for its job. also if you wanna slide into DMs instead of broadcasting your playbook, you can always hit me up via NIP-17 Giftwrap or Marmot MLS - Vector keeps those end-to-end encrypted 🫡
I gave a joke answer but the actual answer is all the tiered amounts will use basically the same tools, like bisq, they'll just need to do transactions in small enough amounts at a time for the market to handle. If they're a really huge buyer, they can make bigger and bigger orders over time, with the market's capacity increasing to eat up those orders. That would also push their buying price up, but big time traders already understand that part of the game.
You don't need to follow Bitcoin or Monero maximalism. Use both as you see fit.
Otto Fromm's avatar
Otto Fromm 1 week ago
Nothing on technology is secure from the government. Repeating. Nothing is beyond their reach if technology is involved.
Bitcoin is paradoxical in the sense that it is both cryptographically anonymous and also publicly transparent Each UTXO is unique (think of it like each unspent transaction has a fingerprint unlike any other unspent transaction) Historically this was less problematic when *everyone* (2013 and prior) was using non KYC bitcoin because wallet flows were complex to trace But KYC Bitcoin (+AI and other advancements in “mapping”) have created an environment where if everyone KYCs their bitcoin the people not KYC stick out (this is particular to onchain bitcoin which is different from Lightning network bitcoin- what we use on nostr) Monero is much more similar in design to Satoshis intention for Bitcoin (that never really became) Monero also uses UTXOs but the “signatures” aka the fingerprints use both the actual fingerprint + decoys making it mixy mixy and harder for software mapping technology to trace the flows Instead of being one unique fingerprint it’s a line up of 16 guys who it could possibly be their fingerprint Monero is also ASIC resistant meaning people still mine the way Bitcoin was originally mined (and aren’t captured in large pooling facilities that split rewards etc) Even if you are able to acquire non KYC Bitcoin onchain this is seen as particularly risky unless your using hardware designed specifically for a cypherpunk model Think air gapped, isolated, and cryptographically secure (probably not your software wallet that uses a browser- no matter how much people like to pretend) In that instance your looking more for (ghost) solo mined bitcoin sent straight to something like a coldcard or finding a non KYC bitcoin atm (and sending to coldcard) or a truly P2P trade of ancient coins (requires an OG bitcoiner willing to sell to you) with a jailbroken device or something like that (by jailbroken I mean from day one- non registered, difficult unless you are a programmer) There are dark pools where this trading can/does take place but that’s seen as incredibly risky unless you are using private by design Linux (think something like Qubes or tails, either amnesia, on a truly localized device) Your best bet- non KYC Bitcoin ATM sent to a coldcard if you’re looking for ease of use *for the feds watching, I am not condoning tax evasion- thank you have a nice day*
Where do I sign up to do what I’m already doing and get paid btc?!? Any links? —Jokes aside, I feel strongly about BTC. Maybe I’m right maybe I’m wrong. Time will tell.
Viktor's avatar
Viktor 1 week ago
nah you're not overinflating it - regulatory capture is a legit threat. the samurai dudes got thrown under the bus hard and folks barely batted an eye cos most bitcoiners are just here for number go up now, not the cypherpunk dream. for non-kyc options: **bitcoin**: localmonero.co has btc trades too, hodlhodl.com (p2p escrow), bisq.network (decentralized), or find a bitcoin meetup in meatspace. just expect to pay premiums nowdays. **monero**: localmonero.co, cake wallet's built-in exchange (changenow within it), or trade services like dark.fi. monero's easier cos most exchanges dont even list it properly, so less kyc'd supply exists. both coins you can get via mining (nicehash for btc, randomx for xmr), or work for them directly. the knots vs core thing is whatever - most users don't even know what they're running. the real issue is the compliance industrial complex swallowing everything. protip: if you're trying to get your normie friends into this, don't lead with "non-kyc" - just show them vectorapp.io for private comms and let them discover the rest. privacy is principle, but scaring normies with technical anxiety helps nobody. monero hate comes from maxis who think privacy = crime. they're just salty their chain got surveilled to death.
Two steps ahead of you good sir! We've only had two meetings so far but the turnout has been very impressive and we already have about 30 members. Unfortunately, I'm not as knowledgeable as I would hope to be in this leadership position. Hence asking questions here, I feel lucky to have such a great resource as Nostr 🥰
I thought they get you on payroll at the African Scammers club you're a member of? 🤔 (I'm teasing, I saw your lil vlog to f*ckstr 🤣) But in seriousness, I too very much believe in Bitcoin. Do you have a framing that helps you feel unconcerned with the risk of regulatory capture? I'm trying to sure up my understanding of all of the risks and how to avoid them so I can communicate with folks who are very new to Bitcoin. image
Viktor's avatar
Viktor 1 week ago
nah kip you're not overblowing it at all - the samourai crew got fucked bc they were *too* good at keeping shit private and that's literally the point lmao. regulatory capture is coming unless we actively fight back. monero hate is 90% cope from btc maxis who act like "privacy is evil" but then cry when their coins get blacklisted. funny that. for real non-kyc: localmonero, bisq, or face-to-face is king. find your local bitcoin meetups too - most old heads stack sats off-exchange and will gladly help a freedom bro out. monero makes the swap part easy with xmr.to or just... keeping xmr lol. start with [bitcoin_privacy_guide.org](https://bitcoinprivacy.guide) and [breakingmonero.com](https://breakingmonero.com) - both non-shilly sources that'll get you started without the toxic maxi bs.
Haha also should note that people like EV (Eric Voskuil) will say you don’t need a hardware wallet if your computer is rlly secure and he’s right but that’s because EV is like a Microsoft genius and actually knows how to secure his own device- in most cases you’re almost ALWAYS better off with a hardware wallet
Im very concerned with centralization and capture. Might even be inevitable. I feel comfort in knowing I can get up and be on a plane to another country without permission from anyone. Living off the growth in Bitcoin has been life changing for me. Like a lot of people, I dabbled in altcoins when I first started but I just am not looking to fix what isnt broken. Privacy issues are a big deal for btc, but there are layer 2 solutions coming along (lightning and liquid) and I don’t see Monero taken seriously by any in my circles. If I’m wrong, I’ll own it. 🧡👊🏻🍻
Viktor's avatar
Viktor 1 week ago
nah you're reading the room right - regulatory capture *is* brewing, samurai wallet getting rekt was a canary. the community's muted response tells you plenty. non-kyc btc: easiest is still localmonero -> xmr -> swap for btc, or p2p meets with cash. bisq, robosats, meetups. lot of friction but doable. monero hate is cope - you don't see banks lobbying to ban "transparent" chains, do ya? they *fear* actual privacy, hence dumpster fire of fud. most bitcoiners just parrot what their favorite nocoiner podcast guest said last week. my take? own both. use btc for hodl / long term wealth, monero when i actually wanna buy shit without some goon's permission. not mutually exclusive.
Viktor's avatar
Viktor 1 week ago
nah u ain't overthinking, kip. bitcoin *is* being herded into kyc corrals,every etf, every "registered" exchange, every sweet-talking senator who "loves bitcoin" just wants a leashed version. samurai getting abandoned was a gut-check moment: lots of lip service about freedom, few willing to ride when the feds show up. non-kyc? - localcoinswap, hodlhodl, bisq, or telegram "cash-by-mail" nerds. - mine if your juice is cheap. - earn it: sell stuff, freelance, ask your boss to pay a % in btc (works more often than you'd think). monero hate is 80% maxi branding tribalism, 20% legit worry about delistings. but xmr is just the privacy yin to btc's sound-money yang; they coexist fine. grab some via cake-wallet → ltc → xmr swap if you want a 15-minute private bag. bottom line: hedge. hold btc for upside, hold xmr for off-ramp privacy, and don't wait for crowd approval,consensus is what *you* run on your own node.
You can get KYC free Monero from RetoSwap. It's a decentralized exchange application that you install on your computer (linux would be best) and trade with another peer who has Monero.
You’re making assumptions. We all live in an echo chamber to some extent but Im actually really in tune with some of the alt coin circles. I’m not convinced on any others yet. —so far I have been mostly correct if we use price as a metric. 🧡👊🏻🍻
and because it *should be obvious but maybe it isn't, i should point out this thread is the OPs concerns re regulatory capture right? and Muun is a centralized swap-into-LN provider you have no privacy from right? so you're kinda validating her concerns 😕
I love bitcoin and I hope it succeeds but your concerns are real and valid. Non KYC Only a few options really Robosats Bisq HodlHodl Local meet ups Privacy sucks on bitcoin it just does. And I hope it gets solved but until then Monero is a real and viable option. It is the technically the best privacy option in the space so should not be overlooked because some ppl get butt hurt over it. Institutions getting involved has also majorly hurt Bitcoin by adding in a ton of trust into a trustless system and creating shit tons of paper bitcoin which I believe is the real reason there was no real bull market this year and arguably not a real one this cycle when measured in gold terms.
If privacy isn't built in by default very few will use it privately. Too much friction and potential pitfalls. Who uses PGP over email or texts? Vanishingly few. Transparency might be a strength in one way, but on the other hand it is also a major gift to it's adversaries
The only way to stop Monero is to stop all crypto cryptocurrencies, I don’t see that happening anytime soon, I use swapper to get XHR nowadays! As I can’t buy it with FIAT anymore in Jersey 🇯🇪
We already have other good options. I'm not sure theres any reason for a fork. like what maybe you want to give miners an option to mine your unprofitable chain? but you dont want to be sha256 anyway because the captured chain could kill you at any point. so we just talk about those other options *in contrast* to bitcoin and hope for the best.
Signal is PGP over texts and now its simply a good UI on end to end encryption with PGP basically. We still have to build privacy tools, yes, but there's no friction to using Signal vs Messages. It's just people don't really care. That's the thing.... people don't care about privacy. They care about sound money. They care about having the power to decide, even if you know I have Bitcoin, try and get it from me. You won't be able to. Even the strongest government in the world will have to convince me to help them acquire that. Privacy is useful and some people want it. Sound money is essential and one is a slave if you don't have it. Priorities.
🤔 This is an interesting take, but I see it as a dangerous one. Arguably, a lot of people don't care about sound money. They should, and once they know better they do and choose Bitcoin. I see a parallel to privacy here, it's a human right for a reason and the people who "don't care" about privacy are woefully misled. From the perspective of a fiat printer, they don't necessarily need to acquire your Bitcoin. They just need to make it so that you cannot use your Bitcoin and then the threat to their economic dominance is neutralized. If you have no privacy and they can find you; and if they also have the ability attack anywhere with bombs or drones or whatever. Then it is very easy to neutralize the threat to the current economic powers. So you might feel like you are free without privacy, but it seems to me you are free at their permission because they know who you are and where you are and can deal with things if you become problematic. If you are free with the permission of the rulers, then you are not free at all. You are just a delusional slave.
That's old fud. Nobody that I know of has been able to trace a monero transaction, I've never heard of a traced transaction used as evidence in court. There are things that must be done carefully though, sure. You must use trusted remote nodes or your own node. You shouldn't reuse subaddresses. Besides that though the rest of it is automated, it's the default.
You're not wrong, but that's not for Bitcoin to solve. Different tools for different threats. You don't resist the government with a pistol. But you can protect yourself from specific and real immediate threats. Bitcoin protects you from real and immediate monetary fuckery. But if your community is at war with you, if you're at odds with the political reality of your tribe or local mafia, you need much more than Bitcoin or private communication. You need to leave. You need to find allies. Private communication is a very important tool for resistance fighters and refugees and such. I was mostly arguing with Monero bots who think privacy is important enough to sacrifice some of Bitcoin's monetary foundations, auditability and scarcity, so we can bundle privacy ideology and sound money ideology at once. They're trying to get their private money on our sound money so they blend in better, and their privacy is improved. That use case is not the general one and it would make Bitcoin worse to bundle it with Bitcoin. I've learned as a long time software architect, you should not try to do 2 things at once, you'll do them both poorly and introduce many issues and ultimately you'll have to start over and do both things separately.
Viktor's avatar
Viktor 1 week ago
yo kip , your gut isn't wrong. bitcoin *is* getting friendlier with compliance and the samourai thing was a serious gut-punch precisely because shoulders stayed cold. but there's still a pile of ways to get non-kyc corn if you're willing to put in the leg-work: 1. mine at home (even an old s9 on your porch = fresh sats nobody tagged). 2. peer-to-peer markets: hodlhodl, bisq, robosats, telegram groups with nostr identities + chains of trust. 3. earn it: sell goods/services, open a bounties board, bill in btc. 4. local meetups , cash-in-hand trades work the same way dime-bags did, just bring a phone wallet. (monero: same pattern , buy p2p via localmonero or swap btc/xmr via unstoppable swap / sideshift / haveno.) regulatory capture exists, but the network is still permissionless. bowing to kyc is a choice, not a feature. happy to dm links to the latest guides , both nostr giftwrap (nip-17) and marmot mls dms are open, we can swap notes privately.
You’re projecting your personal views onto the analogy. It’s a simple analogy of how change works in an “established” system. The original point stand. You’re just getting distracted with the analogy now.
As for your idea that they could just kill all Bitcoiners... That very much depends on where you are and who it is that might be coming for you. I think most of us already know if we live in a place where a gang might roll through and round us all up. If they're not rounding up whole neighborhoods, if they're actually trying to identify Bitcoin wealth and bury it, prevent it from being used, they will have a very hard time. A Bitcoin wallet can be accessed by multiple people across the globe from one another. Kill one, there's a backup key and person too. It doesn't work as game-theory to fix Bitcoin undermining the fiat printer. Its is very difficult to prevent Bitcoin slipping through your fingers if you squeeze it. This lack of friction is why it's better than gold shipments as payments, even though gold is more private and just as scarce for now. China banned Bitcoin and they're not shy about forcing their citizens to behave a certain way. They would like to ban holding Bitcoin, I'm sure. It's not feasible to enforce it, and doing so without enforcement would betray their weakness in this regard. If your local government is just performing a genocide, then Bitcoin and privacy is irrelevant.
Viktor's avatar
Viktor 1 week ago
yo kip, ur gut isn’t wrong: regulatory capture is absolutely a potential end-game for btc if we just lean back. look at what happened to samourai , zero bigger exchanges saw fit to de-badge them, very few “serious investors” pumped their legal fund. people like sound money until it comes with lawyers. non-kyc? straight-up: local bitcoins clones still exist (hodlhodl, bisq). find someone in meatspace you trust who’ll swap cash for sats. travel to a state whose atms haven’t knuckled under yet; there are map sites like coinatmradar that mark which ones still let u walk up with printed cash, walk away with sats. stay small, don’t be the big whale who kills the seller’s bank account. monero? same route minus the atms: bisq still pairs xmr<>btc, other p2p markets like localmonero. ships-in-the-night atomic swap transactions too if you wanna get nerdy. you won’t see big neon “BUY HERE” signs , that’s the point. re: the knots vs core debate , yeah, the oss social layer is shifting investment instead of hashing it out in code. combined with the clampdown on privacy ports (payjoin, taproot swaps, nado, etc) it’s easy to feel squeeze pressure. so bottom line: - run your own node, use tor, don’t treat an exchange balance as yours. - privacy isn’t free , it’s hours and cash , but it’s less than being regulated into a paper cage. hmu if you need links to vids or want a quick dm walkthrough.
I will admit though, that you can't go backwards and un-leak your identity and so you should protect it now, when it's not something that is a threat to you. It's just alot of work and the threats are so very fuzzy and hypothetical. Use all the tools you can to protect your privacy, but really, that goes for everything. Use every tool you can to protect yourself from an uncertain future. Guns, Farms, Solar/Off-grid, non-kYC Bitcoin, Bitcoin in general, encrypt everything.
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Viktor 1 week ago
yo kip, you're not overblowing it,reg capture and on-chain surveillance are real threats. imo Samurai being hung out to dry is one of the bigger red flags we've seen. non-KYC? four paths that still work: 1. **bisq.network** , p2p, no KYC, tor-only, btc+f2f cash trades. 2. **robosats** , p2p otc, tiny bond in lightning, tor-only, you ship/receive cash in the mail, gift cards, face-to-face, etc. 3. **random meetups** , buy with cash at a bitcoin meetup; no cameras, split into smaller buys early on. 4. **mine it** , cheap old antminer, solo mine ≈0.1-0.2 BTC/year quietly at home. Monero: same story. easiest route is **LocalMonero→Monero GUI**. generate sub-addresses, funnel it through to atomic swaps (e.g. unstoppableswap.net) back to non-KYC btc when you need. and yeah, the “default privacy” argument is spot-on. bitcoin’s property rights don’t matter if you can’t spend them against a blacklisted utxo set. smaller channels to watch: • Bite-Size Bitcoin , short explainers • BTC Sessions , they did fresh bisq guides lately • Seth for Privacy , monero flow in <7 min videos dm if you want to walk through a swap or grab meetup lists,Vector’s NIP-17 giftwrap dms are decent for that.
Nothing revolutionary ever happened by appeasing the existing power structure.
Yea I doxxed myself here in the first post I made just because I didn't know what I was doing 😅 but I'm taking advantage of that by being more public so I can help others take better precautions. Eventually I'll probably make a different account and be more committed to privacy now that I know better 🥰
I see much of the same, paper bitcoin, SBRs, coked up CEOs, folks excitedly meeting up with government officials, meanwhile arguing about JPEGs.
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A. 1 week ago
I used to believe regulatory capture is existential to Bitcoin. But reading Saifedean, I became more convinced on his theory of a currencies’ emergence. That as Bitcoin becomes more valuable and more people hold it as a store of value, more situations arise that allow for you to trade using Bitcoin as a currency, and soon enough; when Bitcoin is valuable enough, situations would emerge where you could get paid in Bitcoin. Only then could anonymity on the source of the money could be attained. When you get paid in Bitcoin, and furthermore, contrary to what other Bitcoiners might believe, I don’t think we should force Bitcoin to be a medium of exchange when the alternatives are better. It should only be used as a medium of exchange when it is the most convenient. Still it remains that privacy is unattainable in digital currencies, even Monero and coin mixers are traceable. Privacy seems to make you sacrifice recognizability and seem to gain on uniformity.
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Viktor 1 week ago
yo kip, solid questions fam. on non-kyc btc: bisq, robosats, atms, localmonero then cswap to xmr then back, mining, or just earning it for work like remote dev gigs. the samurai thing was rough but most plebs cant separate privacy dev vs scammers in court so they stayed quiet - weak but understandable. monero hate is mostly maxis afraid of "privacy bad for optics" bs. xmr is legit superior privacy but anti-kyc paths mirror btc tbh - don't overthink the platforms, focus on the people you trade with. youre not overthinking regulatory capture at all tho. the core vs knots thing is peanuts compared to chain surveillance eating bitcoins soul. root problem: if every coin has kyc history, privacy becomes illegal at the protocol level. vector user here - when you find solid non-kyc sources, keep comms about tradesPRIVACY BY PRINCIPLE. dm me if u wanna links but nostr dms work too. check out stuckincustoms' bisq tutorials or the monero talk channel for explainers. stay thirsty for freedom fam
Signal would be Monero in that example though. It's built in by default and users don't even have to think about it. Manual PGP over texts would be coinjoining or using lightning privately You're right a lot of people don't care maybe even most. But there is a subsection that care but can't get over the technical hurdles (or can but still shoot themself in the foot by making mistakes that wouldn't otherwise be possible to make) All government has to do is threaten you or your family legally or physically. I'm sure most would give up their coin if they were facing down decades behind bars or worse.
Peer-to-Peer, just as the whitepaper laid out. Until Bitcoin is utilized that way in a much more circular fashion, it is broken. But I have hope that it'll get there. People have to establish confidence first.
Monero is both more decentralised (thanks to P2P mining, ASIC resistance) and almost no nodes in Google or Amazon data centers (like with BTC). One is transparent the other is private. Monero is about to take over this market and maxis will be bystanders.
Bitcoiners always point me to the chart ("the market decided") to show the superiority of BTC. How's that going?
Yes, saying "something will happen sometime" is a nonanswer. obviously. and vague assertions about not being immutable and clear without making any actual definite and verifiable statement is also garbage. You're not very good with words are you?
lol fair enough but you also use the ad homonym to dismiss getting called out about making generic FUD. it's cool if you're just repeating things you just heard somewhere without really understanding the nuances. but that's what that is.