Replies (50)

KYC is not asking to know your customer. They ask for real name and email. Regardless if you can lie about this doesnt change the fact they ask for KYC.
Bro you sound like someone who clicks "I am under 18" and then complains you can't get on a website to view porn. It's self-reported and no verification is forced. I'm not sure what more you want them to do. Violate the law/get shut down/be unable to offer KYC-free sats? Is that what you'd prefer?
No i would like people to understand faking info is not the same as no KYC. Otherwise facebook, x, etc are all kyc free.
I care less about what "it says" than what it allows. Call me crazy but the ability to stack KYC-free sats is more important than whether or not I was asked a question - that I'm free to lie about - in order to stack those KYC-free sats.
There's a significant difference though. Lie about your identity on Zucks platforms and you may get away with it for a while but when they demand verification you'll lose your entire account with all its posts, comments, and reactions along with it. Same thing happens on Bull? You've lost nothing, because you already have self custody of the sats. What you're complaining about is the government regulations, when what you should be doing is praising Bull for offering a practical workaround that allows you to bypass the verification requirements.
Would you go around promoting facebook as a KYC free social media, just because you can fib on the info?
KYC is the process of identity VERIFICATION. Which they do not require in order to complete transactions. Notice where it doesn't say KYC is the process of ASKING for an unverified identity. KYC is the process of VERIFYING the identity. image
And they won't know who you are if you don't tell them. But saying KYC is just "knowing your customer" is absolutely a false statement. While the acronym KYC stands for those three words, there is an enormous legal framework in place that people are referencing when they say KYC.
I do use their service. I love it. I will not accept that they dont require kyc though. Can you lie? Yup. Understand the difference. Truth wins.
I never mentioned this legal framework. Only the term KYC. Know your customer. Asking any personal info like name and email is kyc.
The term itself REFERS to the legal framework. Companies aren't implementing KYC because they want to, they're implementing it because they're forced to follow the regulations by government agents. There is no "KYC" without the regulations. Pretending they don't have anything to do with our discussion is the most dishonesty I've seen so far on this topic.
Bullbitcoin offers the ability to stack sats if you give them your kyc or fake kyc info that you lie about.
I am about the truth. Why cant i love a service but realize people are misrepresenting how it works? See things differently.
No KYC bro. Thats all. Im glad you didnt give your real info to bullbitcoin.