rafael_xmr on Nostr: > Personally, could care less about all the KYC dialogue. BTC is KYC-free, it's ...
> Personally, could care less about all the KYC dialogue. BTC is KYC-free, it's exchanges and platforms that are KYC.
BTC as a permanent record has no KYC built-in but outside observers can use this information to track and monitor transactions, which is what compromises the user's privacy and potentially exposes them to surveillance and censorship.
So in your scenario you are better off going straight to Monero in a peer to peer manner or on a local face to face meetup and maybe from there exchanging to Bitcoin, or using XMR for spends directly like buying gift cards, leaving less info as possible to be stored on data centers for harvest
Published at
2023-11-26 22:51:14Event JSON
{
"id": "c7aecb055f1ff981e09208e9c1503a72456c9d97f411a3e32385ac7cbd039970",
"pubkey": "877308276be50ce9bafa7e5e374e4fcbf5e9859a21918f34baefd000746b7d35",
"created_at": 1701035474,
"kind": 1,
"tags": [
[
"e",
"c2ba674272803ffef3989a0f1c77806a5e990320108d89930a3b82b3f358a680",
"wss://relay.nostr.bg",
"root"
],
[
"e",
"96d0987cdbb555a3026468b1e1979825ef80e87d81ce1b43ed052468161ea0da",
"wss://relay.nostr.bg",
"reply"
],
[
"p",
"11d0b66747887ba9a6d34b23eb31287374b45b1a1b161eac54cb183c53e00ef7"
],
[
"p",
"95fbe89f6ffe485532c4823f757ff6635a27bb7a7bb00ec5f49e5cae88b8a530"
],
[
"p",
"6e0a1f4852bc8fa42b8047d60a81930d88904ca3f2acdfb5b8413ab8c9f444e5"
]
],
"content": "\u003e Personally, could care less about all the KYC dialogue. BTC is KYC-free, it's exchanges and platforms that are KYC.\n\nBTC as a permanent record has no KYC built-in but outside observers can use this information to track and monitor transactions, which is what compromises the user's privacy and potentially exposes them to surveillance and censorship.\n\nSo in your scenario you are better off going straight to Monero in a peer to peer manner or on a local face to face meetup and maybe from there exchanging to Bitcoin, or using XMR for spends directly like buying gift cards, leaving less info as possible to be stored on data centers for harvest",
"sig": "6278b67d6eaaae56a43a996c7ce9b21568363412a487c9f068b61e9b68f2ceb0810c0adb63df4865aaf2e43a3bda7346d091d917be87b53422478dc43e0fdfc6"
}