Riggs's avatar
Riggs 2 years ago
For the people: Any good content showing how to get started with a #node and how to “erase” #KYC tracks for those looking to further secure/privatize their sats? People say “run a node” but don’t explain the steps. 80% of the world doesn’t even know how to press a button to buy #bitcoin - yet we have a few bitcoiners making it like new buyers are going to get robbed, instead of providing simple security steps. Every other money/physical asset (cash, credit card info, gold, cars, jewelry) is far easier to steal from someone. @Seth For Privacy @jb55 @Bitstein @Brandon Quittem @Namcios @MartyBent @Michael Rihani⚡️ @jack @Jameson Lopp @ODELL @Giacomo Zucco @preston @BTC Sessions

Replies (21)

Riggs's avatar
Riggs 2 years ago
#Bitcoin promotes peace and cooperation. If someone has $10M of physical assets (art, cash, precious metals, supercars) and a robber kills the owner - the robber gets everything. If someone has $10M of bitcoin in cold storage and a robber kills the owner - the robber gets nothing.
Default avatar
₿itcoin 2 years ago
First of all, everything must be #open-source on the software level and as much as possible on the hardware level too. Node (bitcoin core) behind tor or i2p on secure #linux with as much transparancy as possible. look how much storage capacity you have and run a pruned or non-pruned node based on that. pre-Segwit bitcoin core version is also an option. Choose a wallet that gives total control over every aspect of your funds. With features like "coin control", "fee management", "UTXO labeling" and "coinjoin" or other privacy techniques which can all securely connect to your own node(s) and use a hardware wallet too. combination of a seedsigner and passport hardware wallet is nice. And a tought-out backup plan. and also selfhost open-source instances of mempool.space or bits.monospace.live and utxoracle to visualize your node data. set up automated alarms too for sudden price movements or blocks that are interesting.
Riggs's avatar
Riggs 2 years ago
There are still other steps needed for people to make sure it’s done right, more so the non-KYC buying. Again, just telling the average person to buy bitcoin - most instead need to hear “go to the app store, download @Cash App (or non-KYC site), link info, select an amount and press buy” to sell fiat.
Riggs's avatar
Riggs 2 years ago
Appreciate it. Currently 99.99% of people need simpler steps. I’m sure there are video tutorials showing what you just said. If you have any, please share. Thanks
Default avatar
₿itcoin 2 years ago
First rule for that: study bitcoin. if you are using banks, you study their protocols. If you use bitcoin, you have to study their protocols too.
Default avatar
₿itcoin 2 years ago
Non-kyc bitcoins are simply bitcoins that you earned, knowing that the other party had no data about you. This is achieved by using coinjoins, lightning payments and not spending too much single utxo's with big values. The last one is because then anyone immeadiately knows that the sender atleast has x amount of bitcoin.
Riggs's avatar
Riggs 2 years ago
Agreed, which is why I’m saying more content and links to content are needed that especially simplify the area of non-KYC bitcoin and node running. As for general Bitcoin content I like to combine and simplify for any of the millions of people who happen to see some of my posts on X
Riggs's avatar
Riggs 2 years ago
How about sending bitcoin to different addresses and hardware wallets? And when someone earns bitcoin (sent to by someone else), does that bitcoin still show who converted it from fiat? What are ways to essentially “clear” any data about you that’s linked to those sats? Any apps or websites for acquiring BTC non-KYC?
Riggs's avatar
Riggs 2 years ago
Sites like hodl hodl or coin swap give hundreds of different payment methods to buy #bitcoin but most seem either unreliable/unsafe or aren’t any more private if you’re using something like venmo/swift or anything you supply payment information for, unless certain services mask it. Gift cards bought with cash? Wasabi CoinJoin? There must be a way to make it like you “earned” the KYC bitcoin you bought if it is non-KYC for a friend when you send it to them. @Seth For Privacy @Jameson Lopp @ODELL @Adam Back
Default avatar
₿itcoin 2 years ago
First rule: never sell bitcoin for fiat. second rule: never use trackable fiat to buy bitcoin.
Riggs's avatar
Riggs 2 years ago
Exactly but 90% of people who own bitcoin don’t follow these rules. Someone with $10M of art, gold, or fiat is at higher risk. In the fiat world, most people/celebrities have their net worths splattered all over the internet. Bitcoin fixes this, even if you buy KYC. What are some non-trackable options aside from cash?
Coinjoins break transaction history, while coinswaps exchange transaction history. Both are useful, especially when combined.